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I'm no fan of most business models and the way SV money works, but some of this was suspect. For example, the first fours paragraphs are based on an offhanded
by gkoberger 3y ago
I'm no fan of most business models and the way SV money works, but some of this was suspect.
For example, the first fours paragraphs are based on an offhanded comment from an unnamed exec 7 years ago. It doesn't even bother to talk about how Lyft shut down its self-driving efforts in 2021 (as did Uber in 2020), which renders the whole point moot.
Why start with such a bad-faith argument?
- delecti 3y agoIf you thought the whole point had anything to do with Lyft's self-driving efforts, I think you missed the point, or maybe stopped reading before it got to the point (it did bury the lede a bit). The argument being made is that the predatory pricing is a means to inflate the an eventual IPO so VCs can cash out. It's framing predatory pricing as being half of the strategy combined with a pump and dump, to work within the bounds of a dumb SCOTUS ruling.
- fullshark 3y agoIt's meant to be an illustrative anecdote, I do think there's some validity to the idea that the industry is based on taking on heavy losses for many years to own market share while simultaneously building out tech infrastructure and capabilities to shrink operational costs once you own that market...do you not?