3 ms·
You underestimate the staying power of monopolies.
by goldenchrome 4y ago
You underestimate the staying power of monopolies.
- birdymcbird 4y agoNo, but i think you do have a point. Googles board and company execs had convinced themselves they’re an untouchable money printing machine. This year, they’ve been violently woken up.
- goldenchrome 4y agoThey have tens of thousands of top engineers, billions in the bank, half a dozen products used by over a billion people and their main product is ads for people who use the internet. Companies always face existential threats but as far as moats go, Google has one a mile wide. Their downfall will be slow and obvious and even after their decline in cultural relevance they’ll still churn out billions of dollars a year.
- fzzzy 4y agoLike AOL and MySpace?
- goldenchrome 4y agoNo, like Exxon and IBM.