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Yes. The strategy seems to assume that network effect is everything and neglects to recognize that, at the end of the day, PRICE is the critical factor for dete
by hanklazard 6y ago
Yes. The strategy seems to assume that network effect is everything and neglects to recognize that, at the end of the day, PRICE is the critical factor for determining demand of these services (food delivery, taxi service, etc). Once the subsidies end, behaviors will change so you must have an actual plan for making your business profitable.
- code4tee 6y agoYes, it’s as if the business models of these companies have forgotten all about price elasticity... especially when the “price” is crazy low (because you’re losing money hand over fist)