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Re:As Carvana crashes, used car dealers, not buyers, stand t... by gmd63 on Sunday December 11, 2022 @11:05PM (#33950724)
There really should be a law against this. It's jarring to the economy to confuse people with artificial prices when your sole goal is to snap a customer base into some long term reliability on a platform or product that isn't necessarily any different after the subsidy runs dry and it needs to become self-sustainable.
Re:As Carvana crashes, used car dealers, not buyers, stand t... by hgdfhgdfhgf on Monday December 12, 2022 @12:41AM (#33951303)
Why should there be a law? People benefited with cheaper taxis and VCs lost their money
Re:As Carvana crashes, used car dealers, not buyers, stand t... by gmd63 on Monday December 12, 2022 @03:06AM (#33952157)
when you skew the incentives in the economy such that people focus on developing skills that are based on artificially juiced things that aren't actually that valuable (see Axie Infinity) it's bad for folks' livelihoods long term
Re:As Carvana crashes, used car dealers, not buyers, stand t... by ojbyrne on Monday December 12, 2022 @01:16AM (#33951495)
VCs lost other people’s money. I think that bill has yet to come due.