News for hackers. Stuff that matters.
Re:America is stuck at home, but food-delivery companies sti... by gbear605 on Wednesday May 13, 2020 @04:30PM (#23171492)
Alternatively, set your prices based on the actual supply and demand and your costs, not by trying to manipulate the market :)
Re:America is stuck at home, but food-delivery companies sti... by fosk on Wednesday May 13, 2020 @04:49PM (#23171675)
But why? Just let the market do its thing:

- if a market player wants to sell goods or services at a loss, let them do it and it benefits the consumer

- if the competition goes out of business and the prices are raised, somebody else will see the opportunity to enter the market at a lower cost.

Rinse and repeat. The consumers benefit from it either way.

Re:America is stuck at home, but food-delivery companies sti... by gbear605 on Thursday May 14, 2020 @10:24AM (#23179895)
In one option, there’s high turnover (bad for customers, employees, and restaurants) leading to restaurants not signing up with future food delivery companies due to being burned in the past. In the other option, there’s a heathy competition leading to customers paying realistic prices (an undistorted market) and giving delivery workers and restaurants more stability.
Re:America is stuck at home, but food-delivery companies sti... by rileymat2 on Wednesday May 13, 2020 @07:09PM (#23172941)
That implies memory of past events would not affect people willing to take the new opportunity.