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I think most people know competition is good for the consumer. I'm saying, competition is also good for the companies themselves. Often in tech you see one co
by studentrob 10y ago
I think most people know competition is good for the consumer. I'm saying, competition is also good for the companies themselves. Often in tech you see one company, its employees, or its users lambasting the competition. It is self defeating to wish away all your competition. It is a rare company who can continue to innovate in the face of having no competition. Right now FB doesn't have much competition in the US for its core product -- helping people connect with their friends
Perhaps this is just a recent revelation for me, and talking about it helps form my thoughts. And maybe I'm wrong about FB. I don't use Snapchat or Instagram etc. My sense is that FB is far ahead.
- zepto 10y agoI don't think everyone realizes the benefits of competition for the companies but many of us do, a and it wasn't clear that this was really the point you were making. I sometimes like to think of it as not so much a benefit of competition as a risk for monopoly holders.
- studentrob 10y ago> I sometimes like to think of it as not so much a benefit of competition as a risk for monopoly holders. For sure. It is also a risk for state-favored companies that hold monopolies inside authoritarian regimes. Their growth will probably be limited to their own country. Without local competition, it may be difficult to make the leap to global competitiveness. This is very theoretical as I have no experience. But I think you can draw some parallels to the way politicians cut their teeth. They begin at the local level and work their way up.