Birdwatch Note Rating
2024-08-18 11:13:14 UTC - HELPFUL
Rated by Participant: 530DA849EC772B108F9CDD0E8A7B752F7F4A35203160C7B65484BD344CCE50E0
Participant Details
Original Note:
”Price gouging” implies companies shifted from a competitive environment to one where they excessively benefitted from raising prices. Thats not happened. Margins are flat because inflation also hit company COSTS, implying they’re victims of inflation rather than causes of it. https://x.com/compound248/status/1824463310781030451
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