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>"Dumping" is bad because it harms unsubsidized competitors. (It also pits foreign governments against private companies.) I fail to see who MoviePass hurt exce
by frgtpsswrdlame 9y ago
>"Dumping" is bad because it harms unsubsidized competitors. (It also pits foreign governments against private companies.) I fail to see who MoviePass hurt except its own investors.
Everyone who might have started a competing company but did the math to figure out they would have to charge more?
>Lyft seems to be doing fine.
Hasn't Lyft been spending billions of dollars without posting a profit just like Uber?
- Bartweiss 9y ago> might have started a competing company Point well taken, but in the case of MoviePass I'm not sure this is a bad thing? I can see how it's a long-term harm if a value-adding startup is shut out by a competitor which relies on burning investor money. But I really can't work out what value-added startup MoviePass could be displacing; effectively the only benefit for consumers is the artificially low pricing. It seems like "VC money pit" is the entire story for this one.