Selling at a loss isn’t bad. Selling at a loss to build marketshare or kill competition usually is.
The issue is that previous companies usually use this aspect to build marketshare, so there is no other way to compete. Other tactics include lobbying, patent bullying, etc.
Shoot, as bad as Uber is, just look at how taxis in major cities were formed.
Then look at labor laws in other countries.
Under the current legal/political structure for any modern country, there is no winning without exploitation, which is why I refuse to start my own business.
Selling at a loss isn’t bad. Selling at a loss to build marketshare or kill competition usually is.
The issue is that previous companies usually use this aspect to build marketshare, so there is no other way to compete. Other tactics include lobbying, patent bullying, etc.
Shoot, as bad as Uber is, just look at how taxis in major cities were formed.
Then look at labor laws in other countries.
Under the current legal/political structure for any modern country, there is no winning without exploitation, which is why I refuse to start my own business.