hate to break the bad news to you 😜 , but profitability = legitimacy not just a silicon valley thing, its deeply embedded in the so-called neoclassical economic doctrine, going back to Milton Freedman etc.
The idea is that business focuses on financial profits and politics/legislation sets the ethical/legal boundaries.
What they "failed" to account for is that corporate profits can easily buy politicians.
Total corruption follows and the state of digital tech is proof😟
The list includes digital gambling (aka "prediction markets").
The idea of "markets" (=speculators) determining the likelihood (thus price and value) of everything goes also deep into the neoclassical mindset.
At its base its a dehumanizing mindset that as much as possible aims to ignore or bypass "annoying" moral questions.