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Too big to fail is a complete myth. It's more likely the other way round.
by artsyca 6y ago
Too big to fail is a complete myth. It's more likely the other way round.
- vkou 6y agoToo big to fail works when there's a network effect that locks your customers into you. VISA is an example of that. Reputation-based businesses (Think auditing firms) are another. Facebook is a third. On the other hand, a vendor like Nortell did not have network lockin on their customers. They could, and did end up switching vendors.