There is some truth to what the author writes, but it's not absolute. Softbank's Vision Fund basically exists to invest with that thesis. That an extremely wel

There is some truth to what the author writes, but it's not absolute. Softbank's Vision Fund basically exists to invest with that thesis. That an extremely well-funded and basically competent team will outlast all competitors and eventually own the market. Then they will have monopoly pricing power and become extremely profitable. It hasn't worked out that way for them. The article is no so much wrong as it is an oversimplification.