2 ms·
I get that a lot of people think that's how the real world market works, but it isn't. Look how long it took Yahoo! to die. It hasn't been relevant for over a d
by ebbv 10y ago
I get that a lot of people think that's how the real world market works, but it isn't. Look how long it took Yahoo! to die. It hasn't been relevant for over a decade but it has coasted by on pure momentum, and even as its dying it throws 1% of its purchase price to the CEO as a parting gift.
Entrenched corporations have a lot of momentum and a lot of power. Taking them on is nearly impossible. Tesla has only been able to do what it has done so far because Elon Musk was already a billionaire and willing to risk his entire fortune on it. The Model 3 is obviously in high demand but even so the future of Tesla is far from assured (they have an enormous ramping up of production to do. I have hope they can do it but it's far from guaranteed.)
Verizon and Google made attempts at competing in the telco industry and have basically both failed miserably. Comcast, Charter and TWC continue to dominate the entire country and instead of competing with each other grant each other regional monopolies and try to merge.
The game is rigged and it's not in the favor of the average person.