SoftBank said to be trying to buy a big stake in Uber at a discount

Re:SoftBank said to be trying to buy a big stake in Uber at ... by rtpg on Monday November 27, 2017 @11:17PM (#15794352)

> “It happened in China, it happened in Russia. In India and Southeast Asia, rationalizing the competitive environment makes sense,” says Boodry. “Going forward ride sharing in an environment without a lot of competitive pressure looks to be a pretty good business.”

This is one of those quotes that really make me wonder how markets are ever able to push prices down. I get that people are all trying to make money but almost everyone in the decision making process except for the end consumer seems to be in the "competition is bad" camp.

I wonder when the anti-trust cases against Uber (especially for dumping) will start rolling in.

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Re:SoftBank said to be trying to buy a big stake in Uber at ... by lmm on Tuesday November 28, 2017 @06:25AM (#15796195)

> This is one of those quotes that really make me wonder how markets are ever able to push prices down. I get that people are all trying to make money but almost everyone in the decision making process except for the end consumer seems to be in the "competition is bad" camp.

Free markets are fragile things and it takes a lot of work to keep them competitive. But in fairness this is a relatively new product category.

> I wonder when the anti-trust cases against Uber (especially for dumping) will start rolling in.

Sometimes I wonder whether all VC-funded startups are basically dumping.

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