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Using capital to subsidize costs and sell your product for less than it's worth actually seems like a huge market failure to me, and is the consequence of huge
by __loam 2y ago
Using capital to subsidize costs and sell your product for less than it's worth actually seems like a huge market failure to me, and is the consequence of huge concentrations of capital in the hands of a small and shrinking group of people. The only people who can afford to compete are the already wealthy. It stifles competition.
As a consumer it should definitely concern you if you're using poorly financed or unsustainable products. Maybe it's great now but I would rather have a slightly more expensive product that is more stable than one that suddenly had to make the experience a lot worse because they burned a lot of cash and had a down round.