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The OPs forecast is predicated on an understanding of companies like Google and Amazon being so big and powerful that they are immune to the ebb and flow that d
by mseebach 9y ago
The OPs forecast is predicated on an understanding of companies like Google and Amazon being so big and powerful that they are immune to the ebb and flow that define normal market conditions and allow new entrants to prosper and old companies to whither when they no longer create enough value for consumers.
My argument is that when Facebook, a company until a few weeks ago commonly understood to be every bit as immortal as Google and Amazon, can be so deeply upset by a scandal that isn't even predominantly their own making (I don't mean to imply that FB isn't culpable, but CA did the bad stuff and explicitly and broadly broke terms in doing so), this immortality is a lot shallower than it seems. Facebook isn't dead, and won't be for a long time, but the idea that Facebook moving into Airbnb's space will immediately monopolise it for the detriment of consumers seems rather more of a silly fantasy than a "forecast".
- deleted 9y ago[deleted]