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That's true in competitive markets, but in tech, winner-takes-all happens more often than not, and it affords the winner a lot of freedom.
by ced 8y ago
That's true in competitive markets, but in tech, winner-takes-all happens more often than not, and it affords the winner a lot of freedom.
- seanmcdirmid 8y agoTrue, survival bias only applies to competitive markets. Google still has leeway to leave China on the table without going out of business, especially since Chinese tech companies remain isolated from the rest of the world.