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> [Company] then used this cash to underprice competitors in [market], hoping to be able to profit later once it had a strong market position in [market]. This
by _edo 7y ago
> [Company] then used this cash to underprice competitors in [market], hoping to be able to profit later once it had a strong market position in [market].
This template appears to be one of the author's deepest understandings of capitalism. It wouldn't be so bad if I didn't look at his resume and realize he was Senior Policy Advisor and Budget Analyst on the Senate Budget Committee from Dec 2014 – Dec 2016.
edit: also 2 years as a Senior Policy Advisor for a congressman
- legitster 7y agoYikes. There's an intelligent conversation to be had for sure about how large firms like SoftBank are intentionally playing the market and unsavvy investors. This isn't it.
- _edo 7y agoInteresting. I'm not sure I understand why one type of charlatan is more important than the other. If you want WeWork/SoftBank to be regulated, which a lot of people do, it's kind of important that the people doing the regulating understand what they're doing. (edit: If you think a comment is off-topic then just say so. There's no need to be so insulting.)