Not sure if it's accurate, but the feeling is that recently, tech companies went public before being profitable or while barely being so. On top of that, their valuation is higher on a PE ratio basis than classical ones.
So it feels that they'll have to change something big to meet expected returns.
And the fear is that, as they succesfully managed to kill the incumbent, they are free to change the most obvious parameter, the pricing.
So it feels that they'll have to change something big to meet expected returns.
And the fear is that, as they succesfully managed to kill the incumbent, they are free to change the most obvious parameter, the pricing.