4 ms·
Musk tweeted this later on: Saying you like “moats” is just a nice way of saying you like oligopolies [1] [1] https://twitter.com/elonmusk/status/992964829282
by vermontdevil 8y ago
Musk tweeted this later on:
Saying you like “moats” is just a nice way of saying you like oligopolies [1]
[1] https://twitter.com/elonmusk/status/992964829282418688 https://twitter.com/elonmusk/status/992964829282418688
- hnarn 8y agoWell, he's right.
- rdiddly 8y agoIf anything, it's a nice way of saying you like monopolies, and particularly, ones that you own. If I owned one, I would like it. More to the point, saying you like moats, probably just means you own some moats. Everybody loves the moat they own and hates the one they don't own. Every CEO likes the competitive advantage they have, and hates the one their competitor has. Right now Musk is busy slogging his way across a moat, so I wouldn't expect positive feelings.
- OscarCunningham 8y agoIf the moat is that the established company can offer its products cheaper than the competition (for whatever reason) then that's not bad for the consumer in the way that "monopoly" often implies.