this post was submitted on 13 Jun 2024
620 points (98.4% liked)
Technology
59148 readers
2689 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ok, but equally any competition would need to be profitable earlier, you can't complain you got a service operating at a loss which is now operating at a profit when that's exactly what any alternative you'd feasibly switch to would do
There is a difference between needing to operate at a loss when first starting a business because it is necessary and using funding to prop yourself up so much that is undermines all of the competition. Like the difference between being a very successful business and abusing a monopoly.
Oh yeah I absolutely agree with monopoly abuse being a bad thing with a huge caveat that it's so much worse for essential services and not quite as bad for extras, like youtube. I personally can't see any competition to youtube being able to provide a better service - it's in a similar niche to Netflix where they were great until they got competition at which point the userbase and content fragmented, which meant they had to provide a worse service to make money as the content rights agreements made it into several small monopolies and so they were literally unable to compete, which is frankly worse