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When will a regulatory entity step in and stop large corps to run services at a net loss. In essence, the whole tech industry relies heavily on venture capital
by WhatsName 3y ago
When will a regulatory entity step in and stop large corps to run services at a net loss. In essence, the whole tech industry relies heavily on venture capital supported bait&switch.
Giving services away for free or selling under value is clearly anti-competitive behavior.
- AlexandrB 3y agoYes. This approach kneecaps any startups/small businesses that try to run profitably from day 1 (i.e. without taking tons of VC money). The net effect is that VC firms get to pick winners before the market ever gets involved. Hopefully there will be more pushback on this practice now that Bork's ideas[1] about antitrust are falling out of favour. [1] https://en.wikipedia.org/wiki/Robert_Bork#Academic_career https://en.wikipedia.org/wiki/Robert_Bork#Academic_career