2300

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

416 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] wewbull@feddit.uk 28 points 1 year ago

I think we've started to discover what the ???? steps before profit were.

The model was:

Start streaming service
????
Profit

It's now:

Start streaming service
Subsidise it heavily creating premium content whilst undercutting competition.
keep doing it until competitors go broke
Raise prices to an actually sustainable level
Profit (although we've lost a ton of capital)

This is a form of market manipulation which is outright illegal in some countries (e.g. Australia) and can be illegal in the US and EU if it meets certain criteria. It falls under anti-trust and monopoly prevention laws.

Basically our regulators aren't doing their job well enough, but what's new?

[-] some_designer_dude@lemmy.world 8 points 1 year ago

The regulators are doing their jobs, alright… It’s just not us they’re working for anymore.

this post was submitted on 21 Aug 2023

2300 points (97.7% liked)

Technology

59889 readers

2493 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 2 years ago

MODERATORS