3 ms·
The difference now is that we have a lot fewer companies who have captured markets. New players can't come in because the big guys run the show. Walls have been
by vinyl7 3y ago
The difference now is that we have a lot fewer companies who have captured markets. New players can't come in because the big guys run the show. Walls have been established by big companies to make it too difficult or too expensive to start.
- noduerme 3y agoI agree with this sentiment which is why I'm in favor of strong antitrust enforcement... but I don't think that's the complaint I picked up from the article. Their complaint seems to be that it's too easy for "colossally stupid assholes" (direct quote) to enter a space posing as a "disruptor", raise an enormous valuation for an idea that doesn't really work, and then scam consumer investors into paying for an IPO based on hype and/or pure speculation. If that's true, then it makes sense that investors will ultimately get wise to it and either start investing in things that show a proven profitability, or else lose their money. The underlying FOMO behind all these bubbles contains the seeds of its own destruction - I don't disagree with the author about that.