No, I'm not saying that at all. Obviously some acquisitions have been tremendously valuable. Many of those acquisitions could also have existed on their own. Bu

No, I'm not saying that at all. Obviously some acquisitions have been tremendously valuable. Many of those acquisitions could also have existed on their own. But the net effect of something can be negative even if individual things are positive. My criticism was scoped only to the practice of big tech companies buying up competitors and unprofitable businesses. I think this is value destroying over the long term, though it obviously creates value for the people involved.