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The model of driving every profitable company out of business by undercutting on price to a massive per unit loss, funded by venture capital, in an attempt to c
by unreal37 7y ago
The model of driving every profitable company out of business by undercutting on price to a massive per unit loss, funded by venture capital, in an attempt to corner the market and have a pseudo-monopoly is bad for "the public" in the long run.
- busterarm 7y agoIt's bad for "the public" in the short run also, because competitor companies are employers and they can't afford to compete in the short run.