Hacker News new | ask | show | jobs
by sol_remmy 3042 days ago
"predatory pricing"

So they're offering prices below cost and that is considered "predatory"? Last time I checked low prices are good for consumers

2 comments

It's predatory because it is below cost and is just intended to preserve a monopoly on a market. The goal is to eliminate all competitors, then charge a price that a competitive market couldn't sustain. The harder it is for new competitors to enter your market the better it works.
In the long run, higher prices for consumers. After the predatory prices have driven out competition.