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Spotify’s first US price hike for Premium is coming next week
(www.theverge.com)
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this post was submitted on 22 Jul 2023
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Technology
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Prices on so many of these mega tech companies (DoorDash, UBER, etc.) have been kept artificially low for years by basically unlimited amount of venture capital.
They’re following the Walmart model- keep prices stupid low to establish dominance and drive out any competitor. Once there’s nobody left to compete you can jack up the prices to -hopefully- recoup your investment.
Great for the consumers at first… until their bills come due. Then we get massively screwed over. A tale as old as time…
I'm still salty from when this happened to Google photos
I wouldn’t group doordash in with the others.
They barely provide a service; leach off of restaurants, forcing them to raise their prices to maintain razor thin margins; and lobby for shitty legislation to not pay or give people benefits.
I agree with the general point, though.