this post was submitted on 27 Feb 2024
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Standard tactic since the early 2000s. Provide a service for next to nothing by dumping insane amounts of cash into it. Competition either can't hold up or is straight up bought up. Fast forward 5 years and you're the only real player left. Then you're a monopoly and can set the prices as you see fit. Best example of this is uber, but amazon and youtube have done it too