this post was submitted on 21 Aug 2023
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2023
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
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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.

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[–] DigitalWebSlinger@lemmy.world 6 points 1 year ago

I don't know about "be successful", depending on how you measure success. All of these examples have been subsidized by cheap money for years, undercutting competition - and taking year after year of losses while they do it - for the purpose of capturing the market and driving out competitors, so that they can subsequently enact monopolistic behaviors to start actually turning a profit once customers have no other choice.

The problem is money suddenly got expensive, so now they're scrambling to find a way, any way, to turn a profit, before full market capture was achieved.

Can services like this be reasonably priced and user-friendly? Sure. Can they "succeed" / become sustainable while remaining so? Current examples indicate that's where the problem lies.