this post was submitted on 14 Sep 2023
429 points (96.5% liked)
Technology
58142 readers
3808 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
Hey you make some really good points and I appreciate your contribution to the discussion, but maybe dial it back 20% on the sass. You don't need to make it personal by saying
Anyways, assuming that your assertions are accurate, what's the angle for Musk? You're implying Starlink will corner the market in certain areas with unrealistic price points, and then raise prices eventually? Or is there a more insidious corporate strategy I'm not recognizing?
Basically, yeah. I'm not saying they "will" do that, but this is what they're hoping to accomplish.
Think jet.com, Uber (and UberEats), WeWork, Bird scooters, etc. etc. This isn't anything particular to Musk, this is just how US companies have operated over the past 10 years.
Musk is good at this strategy mind you. But he's hardly unique in regards to doing it. MoviePass was really bad at this strategy, but plenty of others "succeeded". (Not true success in my books, but a financial success in that they got big enough that a big bank bought them out and they're hundred-millionaires now. Even if the company is worthless with terrible business plan like jet.com was, if the company leaders/owners were bought out, they see that as a personal success). Key to this strategy is raising more-and-more money from venture capitalists and IPO / SPOs by hyping (over-hyping) and misleading your statistics a bit. Speaking in half truths, pretend you're solving world-changing problems (We're going to Mars!!!!), etc. etc. Its all a package deal.
Yup, spot on. Neo-robber barons, but this time around they don't even have to build something tangible to make their fortunes.