alt Hacker NewsThey should be investigating them because of massively selling below cost price.
How is this a fair, level, playing field, U.S.? Making a large pile of money to put millions of people out of a job, it warrants some investigations!
Replies
micromacrofoot • today at 4:12 PM
This is how tons of startups operate, I used to be able to get across the whole city in an Uber for $5, easily quarter of the cost at the time. They undercut taxis until they barely existed then jacked up the prices.
VC creates little wars of attrition in every industry and calls it "disruption" but it mostly pulls the money out of workers' pockets.
Do you have any evidence of this assertion? What is 'cost price' and what is being sold below that?