this post was submitted on 21 Aug 2023
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap (www.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

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[–] ThickQuiveringTip@lemmy.world 4 points 1 year ago (1 children)

Not the same situation. They purposely went low to price out the competition for years, accepting losses until the competition hopefully didn't exist or had everyone semi dependent on them. This is not a supply/demand situation or increase with inflation. This is creating market dependency until you can increase your cost to what you want it to be by obliterating competition.

[–] severien@lemmy.world 0 points 1 year ago (1 children)

That's just normal price dumping.

[–] Alatain@lemmy.world 4 points 1 year ago (1 children)

The fact that you consider that a "normal" and acceptable tactic shows the problem

[–] severien@lemmy.world 0 points 1 year ago

Just acknowledgment of reality, no moral judgment.