3 ms·

Makes sense. The thing is though - I feel like there's already a ton of companies that do something similar or other things that are sketchy. Like how ISPs pic

Makes sense. The thing is though - I feel like there's already a ton of companies that do something similar or other things that are sketchy. Like how ISPs pick and choose what parts of an area they'll support and then you're stuck with only one ISP that you can choose from. This has been true in every place I've lived in. Another good example is Luxottica. They own the majority of sunglasses brands as well as Sunglasses Hut. When Oakley wanted to lower their prices dramatically, Luxoticca told them they have to keep their prices around their price points or they'll no longer sell the brand [0]. Companies do things all the time that are legally grey or illegal. Something being illegal won't stop a company from doing it. Again, I understand where you're coming from. For me when I saw "This sounds nice in theory but not going to happen in practice." it made me think of all these companies that are already doing sketchy things. I could be wrong and just not understand price points in companies. It's just difficult for me to envision a future where companies aren't taking advantage of AI to pocket huge profits in some way. [0]: "Oakley had tried to dispute their prices because of Luxottica's large marketshare, and Luxottica responded by dropping Oakley from their stores, causing their stock price to drop, followed by Luxottica's hostile take over of the company." from https://en.wikipedia.org/wiki/Luxottica https://en.wikipedia.org/wiki/Luxottica

crop_rotation 4y ago
> Like how ISPs pick and choose what parts of an area they'll support and then you're stuck with only one ISP that you can choose from. This has been true in every place I've lived in. But being an ISP is capital intensive. You need to spend money to support a bigger area. The content providers want to win all. > Another good example is Luxottica. They own the majority of sunglasses brands as well as Sunglasses Hut. When Oakley wanted to lower their prices dramatically, Luxoticca told them they have to keep their prices around their price points or they'll no longer sell the brand [0]. This is different though. They can do it because they control the store. Nobody controls the content store. > It's just difficult for me to envision a future where companies aren't taking advantage of AI to pocket huge profits in some way. Companies will be trying to pocket huge profits for sure, but for themselves not for the collective. If you can improve your profits 10% by extinguishing all competitors, that is a nice bonus for the execs and nice boost for the stock for the next 5 years.
- cyrialize 4y ago
  Gotcha, that all makes sense. Thank you for your response and being patient with me! > Companies will be trying to pocket huge profits for sure, but for themselves not for the collective. Definitely makes sense. Like a companies could work together to maintain a price point, but if a company can make so much more by undercutting - they'll do that.

crop_rotation 4y ago

> Like how ISPs pick and choose what parts of an area they'll support and then you're stuck with only one ISP that you can choose from. This has been true in every place I've lived in. But being an ISP is capital intensive. You need to spend money to support a bigger area. The content providers want to win all. > Another good example is Luxottica. They own the majority of sunglasses brands as well as Sunglasses Hut. When Oakley wanted to lower their prices dramatically, Luxoticca told them they have to keep their prices around their price points or they'll no longer sell the brand [0]. This is different though. They can do it because they control the store. Nobody controls the content store. > It's just difficult for me to envision a future where companies aren't taking advantage of AI to pocket huge profits in some way. Companies will be trying to pocket huge profits for sure, but for themselves not for the collective. If you can improve your profits 10% by extinguishing all competitors, that is a nice bonus for the execs and nice boost for the stock for the next 5 years.

cyrialize 4y ago
Gotcha, that all makes sense. Thank you for your response and being patient with me! > Companies will be trying to pocket huge profits for sure, but for themselves not for the collective. Definitely makes sense. Like a companies could work together to maintain a price point, but if a company can make so much more by undercutting - they'll do that.