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Peter Thiel said you can tell if a company is a monopoly by the way they talk about themselves: “Anyone that has a monopoly will pretend that they're in incred
by peterwoerner 6y ago
Peter Thiel said you can tell if a company is a monopoly by the way they talk about themselves:
“Anyone that has a monopoly will pretend that they're in incredible competition. If you're a non-monopolist, you will rhetorically describe your market as super small, you're the only person in that market.If you have a monopoly, you will describe it as super big, and there is lots of competition in it"
- ankit219 6y agoThis has been a point of contention all the time. Regulators want to shrink the market size as much as possible, and companies want to expand it as much as possible. This is not a way to determine monopoly.
- peterwoerner 6y agoThe quote was referring to the way the company describes themselves in e.g. 10Q briefings.