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Agreed, I was just trying to point out that it's not uncommon for very old companies to still be giants in the economy. Even older companies I forgot to includ
by murbard2 10y ago
Agreed, I was just trying to point out that it's not uncommon for very old companies to still be giants in the economy.
Even older companies I forgot to include: Citigroup, the NYSE.
- ethanbond 10y agoWhich is not at all my point. My point is not that old juggernauts don't exist, it's that if big companies didn't fail often, they'd be far more commonplace and dominant than they are.
- murbard2 10y agoAnd your parent's point was that: "These types of companies do not dislodge so easily such that they get "eaten for lunch" in the mere span of ten years."