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Again and again big tech comes in and busts established industries with subsidised products, only to eventually remove the subsidy and virtually revert back to
by medion 3y ago
Again and again big tech comes in and busts established industries with subsidised products, only to eventually remove the subsidy and virtually revert back to the original industry product and pricing… I swear, technology only speeds things up and very rarely has any actual substance.
- CoastalCoder 3y agoThis issue might be big money, not big tech. In the 1980's, I recall the local Stop and Shop supermarket morphing into a "Super" Stop and Shop. It had an in-store florist. Apparently SS&S kept the prices below those of local, independent florists until they went out of business. Then SS&S raised the prices once they'd killed the independents.
- m463 3y agoReminds me of the minivan and "dumping" It's hard to tell if it is an attempt to gain market share early¹ or the second part of predatory pricing² [1] https://en.wikipedia.org/wiki/Penetration_pricing https://en.wikipedia.org/wiki/Penetration_pricing [2] https://en.wikipedia.org/wiki/Predatory_pricing https://en.wikipedia.org/wiki/Predatory_pricing
- maximus-decimus 3y agoAt this point I believe they should make it illegal for companies to sell products at a loss.