I guess the questions then are - why is it 2x the competing price, why do you wi... | Hacker News

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		steveBK123 on Sept 5, 2024 \| parent \| context \| favorite \| on: Ilya Sutskever's SSI Inc raises $1B I guess the questions then are - why is it 2x the competing price, why do you willing pay 2x, and how many people are willing to pay that 2x? Consider they are competing against the Lyft/Uber asset-light model of relying on "contractors" who in many cases are incapable of doing the math to realize they are working for minimum wage...

damanoman on Sept 5, 2024 [–]

All those businesses are predatory. It’s so crazy.

steveBK123 on Sept 5, 2024 | [–]

I used to call it the re-intermediation economy.

Taking a cut of existing businesses/models (taxi, delivery, b&b, etc).

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