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IMO it should really come down to every company has a limited number of ambitious things they should be able to get away with. If a company wants to branch out
by freehunter 7y ago
IMO it should really come down to every company has a limited number of ambitious things they should be able to get away with. If a company wants to branch out into new markets, that should be done through a spin-off.
Facebook is not a digital currency company, they are a Social Media company. If they want to produce a digital currency, Libra should be its own company and not piggyback off the success of the social media product. Social media needs chat, so WhatsApp and Messenger makes sense. Instagram is another social media company. But currency? Too far outside the core competency.
Same with Amazon... selling physical products is their core competency. Selling digital products is an offshoot of that. Allowing others to use your sales platform goes hand in hand too. But how in the world did they get to be a tech company hosting other people’s websites? How do they have a video rental business and also host a competing video rental business? AWS doesn’t make sense for Amazon the retail company.
In the trust-busting era none of this would have been allowed.