Disruption: destroying sustainable businesses that sell products by undercutting them and replacing them with alternatives that sell people.
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…That’s the Silicon Valley definition, in any case.
End of conversation
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@aral and in the case of say Uber, the books would show that. Loss-making dumping to close local competition. Good one.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@aral In traditional dumping, short-term loss is subsidized by other profitable products In tech, VC investors pick up the tab permanentlyThanks. Twitter will use this to make your timeline better. UndoUndo
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