3 ms·
My speculative pure non-analytic layman take is, these behemoths have reached such a scale and domination by hoarding all talents long enough to build the perpe
by n_ary 3y ago
My speculative pure non-analytic layman take is, these behemoths have reached such a scale and domination by hoarding all talents long enough to build the perpetual revenue machine in the era of free money. All low hanging fruits were picked, regulation shut all doors slowly as majority of market dominators were built on fringe of the law, so any new player will have to fight in impossible odds of both regulation and lack of funding, so chance of competition is very low. Anything that is barely threatening will be acquired and extinguished.
So, now that the money printing machines will continue to print, competition landscape is muddied by regulation hammer, so layoffs left and right. Besides, any bad decision now will bear consequences far ahead in future that by the time most people making the decisions will be retired or moved on to something else. The saying goes, death by a thousand cuts, but for behemoths, bleeding takes a long time before severe disability takes place.
— end of rant/opinion —