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> This sounds like planned extortion. It feels a bit like it. Because the point is to first get you hooked/trapped, lure you in, and then find ways to take adv
by XCSme 4y ago
> This sounds like planned extortion.
It feels a bit like it. Because the point is to first get you hooked/trapped, lure you in, and then find ways to take advantage of you.
It was the same with Google Search. It was useful and free. Now that they have everyone trapped, they can exploit the s*t out of our attention. They can put 5 ads in search and video ads every minute on YouTube and enough people will still use the service, as the users are already trapped, there are no alternatives due to them creating a monopoly.
I think this is the definition of Vendor lock-in: https://en.wikipedia.org/wiki/Vendor_lock-in https://en.wikipedia.org/wiki/Vendor_lock-in
Or maybe Antitrust: https://en.wikipedia.org/wiki/Competition_law https://en.wikipedia.org/wiki/Competition_law
Leading to Predatory pricing: https://en.wikipedia.org/wiki/Predatory_pricing https://en.wikipedia.org/wiki/Predatory_pricing
"Predatory pricing is a pricing strategy, using the method of undercutting on a larger scale, where a dominant firm in an industry will deliberately reduce the prices of a product or service to loss-making levels in the short-term.[1] The aim is that existing or potential competitors within the industry will be forced to leave the market, as they are unable to effectively compete with the dominant firm without making a loss.[2] Once competition has been eliminated, the dominant firm now having a majority share of the market can raise its prices to monopoly levels in the long-term to recoup its losses."