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what the hell does "anticompetitive" mean? driving competitors out of business is exactly what competition is; and there are still very many competitors to Walm
by surement 4y ago
what the hell does "anticompetitive" mean? driving competitors out of business is exactly what competition is; and there are still very many competitors to Walmart!
- danaris 4y agoNnnno; continuing to compete with competitors is what competition is. Once you have driven your competitors out of business, there's no one left to compete with. That's why it's "anticompetitive". And yes; there are still other companies in the same space as Walmart; that's not the point. The point is they drive out competitors in the local area where many of their stores set up, so that if the people who live there want to shop, they have no choice except Walmart. Then they raise prices.
- surement 4y ago> Then they raise prices literally has never happened, it's just a dumb myth that makes no sense, for people who think that e.g. buses don't compete with passenger trains
- n4r9 4y agoIn London, Uber raised the base rates 10% in November 2021 and then another 5% in August 2022.
- surement 4y agowith no competition?
- n4r9 4y agoUber certainly has most of the rideshare market; I believe around 75% in recent years. It also competes with the local black cabs, with some limited success. With the recent price hikes Uber is no longer always a dramatic saving compared to black cabs, especially during "surge" periods. After ten years of operating at a loss, plus laws being passed about tax enforcement and driver payments, and a sexual abuse scandal, it seems like they've been forced into a bit of a reality check.