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> But I think it's clear that when you drop the price for a product to zero, there's no longer an argument that you are attempting to fairly compete in that mar
by jtraffic 9y ago
> But I think it's clear that when you drop the price for a product to zero, there's no longer an argument that you are attempting to fairly compete in that market. The only rational reason is to drive your competitors out of business.
This statement is far too rigid. You probably don't mean it exactly as written. To illustrate, this would imply that Robinhood was not attempting to fairly compete in the brokerage market when it first launched.
- pharrlax 9y agoRobinhood is an exception because their business is holding funds. When you hold funds, you can make interest off them. I guess the better way to say it is "when you drop the profit you receive from a product to zero".