They raised prices and left them there because enough people are paying these prices.
Them asking for bailouts because of their prices hikes makes exactly 0 sense btw, if they need to sell more, they’ll just lower them again. The nice thing about margin is that it’s margin - as long as you’re making money, you’re making money, it just depends how much.
Yeah they jacked up prices and realized that while they may be losing customers, they’re still making more money. They’d need to take a tangible financial hit to stop this shit.
This same basic math is going right now at every other company that decided to opportunistically price gouge us.
They raised prices and left them there because enough people are paying these prices.
Them asking for bailouts because of their prices hikes makes exactly 0 sense btw, if they need to sell more, they’ll just lower them again. The nice thing about margin is that it’s margin - as long as you’re making money, you’re making money, it just depends how much.
Yeah they jacked up prices and realized that while they may be losing customers, they’re still making more money. They’d need to take a tangible financial hit to stop this shit.
This same basic math is going right now at every other company that decided to opportunistically price gouge us.
It’s prima facie evidence of price fixing. Not that I expect it to ever be prosecuted, or even seriously investigated.