Try to use the full 2 TB every single month on the $10/month tier and see how long before you get a polite email asking you to stop.
Which isn't to say the $240 price tag isn't high, because it is. But they're likely matching Amazon AWS/Azure which charges a similar amount for outgoing data (2 TB is $235-255).
http://he.net/ "Get BGP+IPv6+IPv4 for $0.45/Mbps!"
Hurricane Electric is pretty cheap. You can hit 2TB a month on 10mbps. That is only ~$4.50 a month.
There are a couple tricks with it:
1) On a $10 Linode, you aren't going to upload 2TB a month unless you are acting as a file server. Any kind of application [say, wordpress] isn't going to do it.
2) The majority of people won't max out their bandwidth usage because they are running app/database servers on Linode.
They probably take a small loss on the people maxing out their 2TB a month but on average they aren't. It isn't worth the bad PR to kick a small percentage of small net loss customers.
http://www.webhostingtalk.com/showthread.php?t=1292091
fyi, back in 2013 Cogent was doing sub $1/Mbps as well.
Bandwidth from the cheap providers is cheap. The difference is AWS & Google are making their margins on what they charge for bandwidth is my guess.
Can you explain how they are different from a traditional ISP like Comcast?
HE.net sells to businesses and provides wholesale bandwidth over fiber its purchased and/or leased routes.
Traditional ISPs sell to the general public and provide last mile connectivity. They then hook up to Level3/Cogent/HE.Net/etc to provide access to the rest of the internet For example, Comcast doesn't have any international PoPs.
http://business.comcast.com/about-us/our-network vs. http://he.net/HurricaneElectricNetworkMap.pdf
Tbh, anything over $.02/GB is overpriced. That is still $20/TB which is plenty. There are CDNs that sell @ $10/TB ffs.
If you are only running on less than 50% utilization during peaks on an average day, you can't charge just 2 Euros for a TB as a cloud provider. The usage of VMs, bandwidth, etc. is very variable when people use you to "autoscale".
I wouldn't be surprised if $20/TB was barely sufficient to cover a 100% markup [e.g. Cost of capacity is $10/TB, selling at $20/TB] because of the fact they'd need alot more capacity than Hetzner would.