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submitted 1 year ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[-] NENathaniel@lemmy.ca -2 points 1 year ago

What a dumb article title

Their 6.2b profit wasn’t from GeForce Now, it was from their overpriced GPU’s.

Products are priced based on their cost/value, not the companies overall profit margins

[-] geissi@feddit.de 2 points 1 year ago

Products are priced based on their cost/value

Ah, yes and the world is full of rational actors with perfect information.

[-] TheAgeOfSuperboredom@lemmy.ca 0 points 1 year ago

"Products are priced based on their cost/value, not the companies overall profit margins"

It doesn't take much to observe that this is just incorrect.

That's how it's supposed to work, and they teach that in your Intro to Economics course, but in reality it just doesn't work that way.

[-] NENathaniel@lemmy.ca 1 points 1 year ago

It does, it's just that the "value" gets fucked and manipulated in ways that are bad for the consumer

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this post was submitted on 19 Oct 2023

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