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Those things were true for all industries so that can't be used to explain the unique success of the tech industry. Also the standard you propose is ridiculous
by fallingknife 3y ago
Those things were true for all industries so that can't be used to explain the unique success of the tech industry.
Also the standard you propose is ridiculous because you can't predict the future even close to 5 years out. Do you think that the owners of Instagram would have sold for $1 billion if they knew what the next 5 years of growth would look like? Would the owners of Android have been willing to sell for $50 million?
- ethbr1 3y agoOther industries had growth rates like tech, circa ~1990-2010? Do you think regulators could have predicted that Facebook buying Instagram would lead to less competition in 5 years? Do you think regulators could have predicted that Google buying Android would have led to less competition in 5 years? In both cases, yes. But they had to prove a higher standard under the law.
- fallingknife 3y agoAny acquisition leads to less competition. That's a ridiculous standard.
- ethbr1 3y agoIt seems like a perfectly appropriate standard for companies that are already large enough to have intrinsic monopoly concerns in any acquisition.