455
Spotify’s first US price hike for Premium is coming next week
(www.theverge.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Jul 2023
455 points (98.3% liked)
Technology
59583 readers
3193 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
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.