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> Its questionable if the consumers are hurt, as basically SoftBank is subsidizing the consumers. This subsidization is not free though. They are distorting an
by Hendrikto 4y ago
> Its questionable if the consumers are hurt, as basically SoftBank is subsidizing the consumers.
This subsidization is not free though. They are distorting and ruining markets in the process. Driving actually profitable competitors out of business, then collapsing themselves.
- panick21_ 4y agoNot sure who markets are ruined for the long term. If the subsidizing stops, the market will reestablish itself. There is nothing destroyed inherently here.
- lossolo 4y agoTell that to all the normal people that went out of business and lost life savings because they couldn't compete with loss-leader.
- panick21_ 4y agoYeah and many normal people beyond drivers also made money and consumers gained, while some existing producers and Uber investors lost. The market always producers winners and losers, there is nothing that can really be done. You can't really make it illegal to invest in growing companies that lose money.
- JumpCrisscross 4y ago> are distorting and ruining markets in the process Which markets did they ruin? Ride sharing and food delivery are bustling at the local level. The one who got screwed tried to match Son’s scale.