alt Hacker News>They corned the market, drove everyone out of it, and are now rent-seeking.
It's almost dumping [1]: they gave a service away for free (even if they were losing a lot of money) just to make it unfeasible for any other company to start a competing service.
Vimeo could have been a competitor, but then they pivoted to a professional market and now that Bending Spoons bought them [2], I'm not sure they will even have a future.
[1] https://en.wikipedia.org/wiki/Dumping_(pricing_policy) [2] https://news.ycombinator.com/item?id=45197302
It is dumping. The whole YCombinator VC Silicon Valley model is entirely based on dumping. They call it "burning VC cash", which is an overly wordy synonym for it to muddy the waters, and it would be positive for the world if everyone installed a browser script that did a `s/burning vc cash/dumping` on all text elements.