A buddy of mine works for a company that makes industrial lighting. He said they... | Hacker News

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suzzer99 on Nov 3, 2022 | parent | context | favorite | on: Stripe laying off around 14% of workforce

A buddy of mine works for a company that makes industrial lighting. He said they raised prices 3x last year and their costs didn't go up at all.

williamcotton on Nov 3, 2022 [–]

What about their competitors? Can't they undersell them and capture most of their customers and still have great margins?

suzzer99 on Nov 3, 2022 | [–]

No idea. Might be some soft collusion going on. I can't imagine the industry has a ton of players.

Or they just took the opportunity when customers are expecting price hikes anyway.

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