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On the flip side, if your business model is “we’re going to set hundreds of millions of dollars on fire to entice customers with artificially low prices to try
by wlesieutre 3y ago
On the flip side, if your business model is “we’re going to set hundreds of millions of dollars on fire to entice customers with artificially low prices to try and corner the market” you can’t really be surprised that when you eventually raise prices you’ll lose your price sensitive customers to the competition.
- _sword 3y agoCompletely agreed and that’s why I started my comment about open and competitive markets. Pricing under cost with VC cash subsidies to later raise prices after cornering a market is vicious and anticompetitive in my view. And it’s a market where consumers shouldn’t be surprised about prices rising aggressively over time
- esafak 3y agoFactor that in when choosing a product, and support competition so you can jump ship if push comes to shove. And enjoy the subsidy while you can.