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The dark reality is NOT that people can't compete against monolithic companies. It is that companies have tens of billions of dollars they can spend to acquire
by bryanmgreen 6y ago
The dark reality is NOT that people can't compete against monolithic companies.
It is that companies have tens of billions of dollars they can spend to acquire companies that are hundred-million-plus net-losers.
That lump sum of acquisition money could have been spent in significantly more meaningful ways.
- esja 6y agoIt's classic malinvestment. https://en.wikipedia.org/wiki/Malinvestment https://en.wikipedia.org/wiki/Malinvestment