3 ms·
That might look the way in theory, but it is not so in practice. There will never be another Google, or another Facebook, or another Amazon - efficiency based o
by glogla 10y ago
That might look the way in theory, but it is not so in practice. There will never be another Google, or another Facebook, or another Amazon - efficiency based on scale and network effect mean they are entrenched as monopolies for ever, too big to fail.
- jtc331 10y agoWhich is why Facebook replaced MySpace and Google replaced Yahoo and Altavista and so on. The idea that economies of scale make it impossible for a company to never face competition is ridiculous. The only thing that can do that is govenment protectionism. Along with economies of scale is the opposite effect: the inefficiency of bureaucracy and having competing interests between business units. Being large isn't the magical unicorn you think.
- rubber_duck 10y agoTen years ago you could be telling the same story about Yahoo and Microsoft and look at them now.
- Certhas 10y agoYahoo was in a completely nascent unsettled market, and Microsoft didn't go anywhere. Microsofts net revenue and net income are large than Alphabets/Googles.