4 ms·
I do not get it either honestly. All the acquisitions in the past i simply for the life of me do not understand why they ever allowed such a level of consolidat
by almatabata 3y ago
I do not get it either honestly. All the acquisitions in the past i simply for the life of me do not understand why they ever allowed such a level of consolidation in big tech.
Why did they allow google to acquire waze for example. Google has not shut them down but technically if they start competing with gmaps google do that at any moment.
Why did they allow facebook to acquire instagram and whatsapp?
How can smaller companies compete against these behemoths if you just allow them to buy up all the competitors or potential competitors? Either they have a very good lobbying team (probably do) or the administration wants this concentration of power somehow.
Geopolitically it could help you keep the technological supremacy the US has enjoyed until now. You allow your companies to grow to giant mega corporations. And every time a startup becomes successful internationally you buy it, take the best pieces and manage it into a small steady decline.