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Uber uses hype money to incentivize working for them and tanking Deliveroo, able to absorb losses for years, allowing them to drive out competitors out of busin
by pikzen 9y ago
Uber uses hype money to incentivize working for them and tanking Deliveroo, able to absorb losses for years, allowing them to drive out competitors out of business. Then Uber drives down their own prices.
What do you do then? Change jobs? For an industry where the exact same thing has happened because of some moron with VC money that thinks that regulations are for the small people?
- fastball 9y agoStart a new competitor that pays better?
- pikzen 9y agoIt's cute that you think that everyone has the ability and finances to start a competitor :) Spoiler: if you're driving for uber, or delivering for uber eats, you are not in the category of population that has: a) any chance of starting a company b) any chance of that company succeeding against a giant. Because you don't have any money. Because Uber pays you like crap.
- krrrh 9y agoGP wasn't implying that every rider should start their own competitor. Juno is an example of a ride hailing company that corrected for low driver wages through market mechanisms.
- valuearb 9y agoStarting a business that has a profitable business model is easy. Just go to investors with a reasonable business plan, and you can get funded. There are angel investors in every town, everyone has relatives, etc.