A business model that fails because you explicitly make them illegal isn't exactly a failed business model. The lawmakers made them fail and they either knew it was going to happen or were incompetent.
It literally is, by definition. Any business success has to happen within the legal context it exists in.
> The lawmakers made them fail and they either knew it was going to happen or were incompetent.
I could reword this as "the elected representatives of the people decided that certain business models were undesirable and anti-consumer, so legislated against them".
Yes, and they had business success until the rules were changed from under them.
>I could reword this as "the elected representatives of the people decided that certain business models were undesirable and anti-consumer, so legislated against them".
And I could reword this as "lobbying groups have bought our politicians and use them to enact laws to put our competitors out of business".
I'd say my rewording is closer to reality, because of course the two biggest ad networks increased in size while the smaller ones decreased as a result of this regulation.