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by bluesroo
916 days ago
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That argument that GP is making isn't that low prices are bad for consumers. The argument is that amortized over the lifetime of the business, the prices are actually significantly higher because they are able to momentarily drive their prices down, eat the losses long enough to run their competition out of business, and then immediately break the low-priced agreements with their customers. Sure, they may be a commodity product now. That shouldn't exempt them from holding up their agreements from when they were still competing for market space. |
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It's also bad for consumers because they then have to migrate existing data to some new service (which is far from trivial for most consumers who don't know how to use rclone), and potentially face steep egress fees. Remember we're talking about the industry not just G. G doesn't charge egress fees for Drive, but many cloud storage providers do.
The strategy is "lock-in" and it's a primary part of the "go cheap or free to get customers" part, and it's bad for consumers. I'd much rather pay more in the short-term for cloud storage and not have to migrate later. Thank God for Back Blaze