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I don't understand how this practice of using VC money to offer services below cost to undercut competition isn't illegal. In Ireland loss leading (offering cer

I don't understand how this practice of using VC money to offer services below cost to undercut competition isn't illegal. In Ireland loss leading (offering certain goods below cost to entice customers who will then spend on other goods/services) is illegal. Not sure about other countries but doing what Uber did is straight up theft with huge negative externalities for society.

username_my1 5y ago
It’s the common practice in food delivery and mobility in Germany. New startup, vc money, bankrupt others… run out of money Then repeat
nullc 5y ago
Dumping for anti-competitive purposes is unlawful in many places uber operates, including California. But when has breaking the law ever really concerned uber? At this juncture if they were threatened with it they'd just override the legislature via an amendment, again.
- rorykoehler 5y ago
  So rule of law has completely broken down in the US?
  - AlexandrB 5y ago
    Only if you're rich.
  - tolbish 5y ago
    Can you be more specific? We did have an insurrection attempt 6 months ago.