Common modern VC or investor backed corp tactic. Make such large capital injections into a company that it can afford to operate at a loss until the point where all competition has been forced out of the game. Then you've got an overwhelming market share and can do whatever you want with prices and policies. Though it went haywire for a multitude of other reasons this was the strategy for WeWork.
Common modern VC or investor backed corp tactic. Make such large capital injections into a company that it can afford to operate at a loss until the point where all competition has been forced out of the game. Then you've got an overwhelming market share and can do whatever you want with prices and policies. Though it went haywire for a multitude of other reasons this was the strategy for WeWork.