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To add to this definition. Facebook is a large conglomerate business that grows by purchasing young successfull social networks in multiple areas of services.
by fosco 9y ago
To add to this definition.
Facebook is a large conglomerate business that grows by purchasing young successfull social networks in multiple areas of services.
- shortoncash 9y agoIt's effectively a kind of hedge fund that dabbles in internet and social-specific assets. The more they diversify their portfolio and occasionally branch out, the harder they will be to fully kill. This is the pattern with a lot of companies. They just become portfolio asset managers with a specific area of interest.
- pascalxus 9y agobut we don't need to kill them to be successful. It's all about offering alternatives and making the switch to alternatives easier. This keeps platforms competing with each other, which keeps them in check.
- shortoncash 9y agoFair point, and I accept it. But, it's important to add that our task is much harder because they get added "synergies" they get from the "connectedness" of their portfolio.
- dreamfactored 9y agolike mcdonalds buying up nice sandwich and coffee shop chains