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Big tech started with expertise but moved to rent seeking. Amazon is not in ecommerce but in a seller market place. google/facebooks are in ads, etc. The probl
by streetcat1 5y ago
Big tech started with expertise but moved to rent seeking. Amazon is not in ecommerce but in a seller market place. google/facebooks are in ads, etc.
The problem is not that you coffee store can do ecommerce, but that nobody can find your coffee store if it is not in amazon, or does not buy ads from google/facebook.