How does this cost 9m£? I mean, sure, it was exploratory, but come on, how do you spend that kind of money on sealing some components, adding an alternator and some sensors? What am I missing?
An oligopol often has some kind of moat due to anti competitive behaviour. E.g. the potatoe argument from the article, where McCain makes it hard to buy potatoes from anybody but them as they are part of a packaged deal.
> Then, there is a switch to the most traditional of businesses with the most traditional business models. Who, the author argues, are engaging in price gauging. In the second paragraph he claims that apps cause this inflation
He is saying that the traditional businesses use an app that allows for a legal way of price gauging.
> The last paragraph portraits a stunning lack of economic knowledge, as companies raising prices in line with inflation obviously would not lower prices after the source of the inflation is gone.
The author claims, that these companies raise prices more than inflation based cost increases in production would allow for.
I thought Facebook is in trouble for over curating. They tweaked their algorithms for maximum stay on page time and thus promoted clickbaity content that now increasingly drives away longer-ish time users. FB user count is growing, sure, but not in its lucrative home market, the US.