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Re:Pandora Is Said to Have Held Talks About Selling Itself by cmsmith on Thursday February 11, 2016 @05:43PM (#11083918)
1. New company comes in with VC funding

2. Uses funding to operate at a loss and undercut and outperform existing players

3. Growth slows because there are only a couple billion internet users out there. Raises prices or decreases value to try to find a profit.

4. See step 1

It's hard to see this as an efficient method for finding the best product in a free market.

Re:Pandora Is Said to Have Held Talks About Selling Itself by smaili on Thursday February 11, 2016 @05:51PM (#11083970)
Repeat 1-4 enough times and you have yourself a bubble.