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The simple answer is that these companies have leveraged the immense economies of scale in their info-tech niches, and are soaking up billions of consumers' mon
by tamana 11y ago
The simple answer is that these companies have leveraged the immense economies of scale in their info-tech niches, and are soaking up billions of consumers' money but there's nothing else for them to buy.
This is the sort of purchasing power imbalance that caused the Great Depression. The good news is that even if Depression hits, we still have access to web apps.
- shostack 11y agoAnother viewpoint might be that if the economy is indeed in for a slow or down period (which is certainly not a guarantee at this point), they will be better equipped to weather the storm and seize opportunities that arise (ex: acquiring competitors who could not survive). Personally I'd love to see them throw around that cash to bring serious competition to a few specific markets. Cell phones and cable are the big ones (and Google is already getting started there). Looks like they are plans to do similar things with VR, robotics, and automated vehicles.
- zardo 11y agoWe may not have farms, but at least we'll still have farmville.