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> Should we have prevented Amazon from investing into AWS? It's not about preventing it outright. It's about constrain resources to bias towards the invested-i
by nicoburns 5y ago
> Should we have prevented Amazon from investing into AWS?
It's not about preventing it outright. It's about constrain resources to bias towards the invested-in company actually being profitable to allow other companies to compete with them on a level playing field.
> If this was investor funded couldn't Mark fund this himself?
If Facebook didn't make as much money then Mark wouldn't have as much money to invest. Which IMO would be a good thing as it would mean that wealth would be more distributed which would likely lead to it being used more wisely due to the wisdom of the crowd. Mark could probably still launch such a project (and I have no problem with that), just not with "hiring 10,000 staff in Europe for an unproven project" level of resources (which I do have a problem with).
- hytdstd 5y agoIt sounds to me like you have a problem with the concept of conglomerates utilizing their capital.
- nicoburns 5y agoI have a problem with them having so much capital in the first place because I think on average they don't tend to use it very well compared to smaller companies.
- hytdstd 5y agoPurely out of curiosity: why does poor capital utilization concern you? It's their gamble, their resources, their right, I think.
- JohnPrine 5y agoBy this logic Facebook never would have gotten funded in the first place. What makes you so sure the metaverse concept will fail?