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> There are legitimate abuses of market power. But this is not one of them. I’m curious. How long does a company need to lose money on each unit of work they d
by grumple 6y ago
> There are legitimate abuses of market power. But this is not one of them.
I’m curious. How long does a company need to lose money on each unit of work they do, funded by endless foreign vc money, before it’s clearly an abuse of their financial power and destructive for the market?
No company can compete fairly against people willing to lose billions just for market share.
- crazygringo 6y agoExcept money is never endless. And consumers are benefiting in the process from cheap prices. So as long as consumers are benefiting, and the situation can't go on forever, where's the abuse? Abuse is generally a characteristic of natural monopolies, etc. Not merely a competitor with deep pockets. That's just healthy competition for the good of consumers.