Re:Rideshare operations are being suspended in California
by paulmd on Thursday August 20, 2020 @04:36PM
(#24228618)
Well, yes, typically subsidizing goods/services below the cost of production (or below the market-determined "fair value") is considered anticompetitive because it drives the fair competitors out of the market (as without the subsidies they can't compete) and then once achieve monopoly control of the market, the subsidies stop and the quality of service plummets and/or the price skyrockets.
Re:Rideshare operations are being suspended in California
by smsm42 on Saturday August 22, 2020 @02:08AM
(#24242036)
Except the prices didn't skyrocket and the quality of service didn't plummet for the last 10 years. I think if VCs are willing to give me 10 years of cheap quality rides, I'm in.
https://en.wikipedia.org/wiki/Dumping_(pricing_policy)