3 ms·
This a point that is missed by the people who still say the the big tech companies got there "by merit and by the choice of consumers". Most big tech had a sing
by coliveira 6y ago
This a point that is missed by the people who still say the the big tech companies got there "by merit and by the choice of consumers". Most big tech had a single idea, and then used the money to buy others who could pose a threat. So in effect the consumer has little choice. For example, consumers didn't have a choice in selecting Google to watch video, they had to accept the fact that Google bought Youtube.
- chillacy 6y agoHmm, but by the time Google could afford to buy YouTube, they were already very popular and had a well liked search product. Ask Jeeves didn’t buy YouTube.
- conductr 6y agoThis is along my initial-not-fully-formulated thought process. Majority of business doing the acquiring are still primarily in the business of what allowed them to do the acquiring. There’s only a few I can think of where the acquisition is a meaningful/noteworthy part of their current business. I don’t necessarily feel like valid competition was squashed in most cases. Following tech M&A headlines has led me to feel mostly it’s acquihiring and the underlying product has no value to the acquirer.