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You aren't mentioning the people hit by this behaviour - people who use to run cab firms or drive their own cab. Or B&Bs and small hotels. These people are pot
by DrScientist 3y ago
You aren't mentioning the people hit by this behaviour - people who use to run cab firms or drive their own cab. Or B&Bs and small hotels.
These people are potentially pushed close to bankruptcy and have to exit the area - because they can't sustain competition against a heavily subsidised competition.
That's value being destroyed - not in a creative way by something better, but as a side effect of a financial shell game.
Also the state often picks up the cost of that - by supporting those people back into work - and the companies that caused it carefully avoid contributing to that by avoiding taxes - because they never make any money....
I think the Uber example is a very good one - bottom line why the predatory practice? Bottom line if they got self-driving cars working - then it would be transformative and they wouldn't need predatory pricing to grow market share.
Why spend all that money on growing the market share, rather than spending on R&D?
I can only assume it's all about engineering a financial exit....
And sure you can say buyer/investor beware - but as I pointed out above, the behaviour is costing others through no fault of their own - sometimes dearly.
- hgsgm 3y agoCab firms were worse than Uber. They were no ones friend. Black car firms were and are fine but people can't afford quality products anymore.
- danaris 3y ago"Cab firms were monopolistic, often user-unfriendly, and needed a change" and "Uber is a horrendously predatory company that should not be allowed to operate outside the law or undercut competitors due to not having to make a profit" are two statements that can coexist. Just because what we had was bad doesn't mean that what replaced it was better.