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Joined 1 year ago
Cake day: July 9th, 2023
  • ThrowThrowThrewaway7@lemm.eetoTechnology@lemmy.world•Spotify’s first US price hike for Premium is coming next weekEnglish
    10·
    1 year ago

    Prices on so many of these mega tech companies (DoorDash, UBER, etc.) have been kept artificially low for years by basically unlimited amount of venture capital.

    They’re following the Walmart model- keep prices stupid low to establish dominance and drive out any competitor. Once there’s nobody left to compete you can jack up the prices to -hopefully- recoup your investment.

    Great for the consumers at first… until their bills come due. Then we get massively screwed over. A tale as old as time…