4 ms·
There was a video on building monopolies the other day[1] which pointed out that tech companies' "other bets" are designed to make them look less monopolistic.
by flashman 9y ago
There was a video on building monopolies the other day[1] which pointed out that tech companies' "other bets" are designed to make them look less monopolistic. Google can say "we're not a monopoly in phone software or self-driving cars" and divert attention from being a near-monopoly in search engines and advertising.
I think it's possibly a bit soon to go down this route. There needs to be more time to determine whether these new companies are in fact monopolies and if that has a bad effect on competition. If no tech companies of a similar scale appeared in the next ten or fifteen years, and if the company rankings remain largely unchanged, I would probably revisit that position.
[1] https://www.youtube.com/watch?v=OAIy5Lii3zw https://www.youtube.com/watch?v=OAIy5Lii3zw
- alexandercrohde 9y agoWhy would we consider google a monopoly before cell-providers, ISPs, major credit card companies, or auto companies? [All of whom actively have stifled competition in unfair ways]
- anth1988 9y agoWhy not? You have to start somewhere.