The unspoken/unwritten thing here is that some VC backed businesses like this one are attempting to monopolize entire markets and destroy them to leave behind a

The unspoken/unwritten thing here is that some VC backed businesses like this one are attempting to monopolize entire markets and destroy them to leave behind a highly profitable monopoly or oligopoly. It's a form of warfare where money is used as ammunition. Instead of merit based natural growth there is a full assault on existing market players and it is very costly. Sometimes you won't win the war, as we see here.