You are right, but regulatory sleight of hand is what passes for capitalism now. Remember Uber and Airbnb dodging regulations by calling themselves "ride-sharing" and "room-sharing" services? Amazon dodging sales taxes because it didn't have a physical retail location? Companies going public via SPAC to dodge the scrutiny of a standard IPO?
>>rchaud+(OP)
This is not new. Companies have always done everything they can legally, and sometimes illegally, to maximize profit. If we ever expect otherwise shame on us.