News for hackers. Stuff that matters.

A comment on Uber to Seal $3.1B Deal to Buy Careem This Week. Parent comment

Re:Uber to Seal $3.1B Deal to Buy Careem This Week by creato on Monday March 25, 2019 @12:28AM (#19480302)
> The hope for them is that through this rapid expansion, they've bought enough leverage to raise prices without losing too many customers.

In other words: sell at a loss, run all the competition out of business, then raise prices?

[ Parent | on HN ]
Re:Uber to Seal $3.1B Deal to Buy Careem This Week by logicx24 on Monday March 25, 2019 @12:59AM (#19480390)
Essentially. I'm not endorsing it, but Uber's strategy is the classic monopoly strategy. It reminds of nothing more than Standard Oil giving it's competitors a "good sweating."
[ Parent | on HN ]