Discover and read the best of Twitter Threads about #Robotaxis
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They said it was impossible. After decades of #antitrust cases over #PredatoryPricing - selling below cost to kill or prevent competitors - the #ChicagoSchool of neoliberal #economists "proved" predatory pricing didn't exist, so courts could stop busting companies for it.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/19/fak…
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pluralistic.net/2023/05/19/fak…
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Predatory pricing - the economists explained - was illegal, but it was also imaginary. A mirage. No one would predatory price, because it was "irrational." Even if someone irrational enough to try it, they would fail. Stand down, American judges - predatory pricing is solved.
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BREAKING: @ArgoAI and @Ford say they plan to launch self-driving vehicles (with safety drivers) on the @Lyft network beginning in Miami before the end of 2021. #Robotaxis #SelfDrivingCars #AutonomousVehicles @VWGroup
In a statement, @Ford, its associate @ArgoAI and #ridehailing service provider @Lyft say "the parties are now working to finalize agreements aiming to deploy at least 1,000 autonomous vehicles on the Lyft network, across multiple markets over the next five years."
As part of the deal, @Lyft will join @Ford and @VWGroup as an @ArgoAI shareholder. The #ridehailing service company will receive 2.5% of the common equity as part of the licensing and data access agreements to collaborate on the safe commercialization of #AutonomousVehicles.
