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> big tech companies can erect too many barriers to entry. It's easy to complain about this. But let's also keep in mind BOTH (1) That erecting a billion-plus
by creer 3y ago
> big tech companies can erect too many barriers to entry.
It's easy to complain about this. But let's also keep in mind BOTH (1) That erecting a billion-plus actual legit revenue business is NOT easy. (2) That network effects can often amplify such businesses - but that this is not a new issue: remember "nobody gets fired for going with IBM" from way back. (3) That these unstoppable giants DO actually have a short lifetime: remember AOL, myspace, Sony consumer electronics, Yahoo, DEC, HP, GE, oh right IBM, and so many others, in fact most others.
So that one problem is looking at all this with a too short timeframe. In fact, NONE of these are sure bets or guaranteed ANY future. They have to keep performing. They have to keep avoiding fuckups. They will still not avoid better run, or more lucky competitors.
- graemep 3y agoIts not a new problem, but i think it has got a while lot worse. "Nobody got fired for buying IBM" is not really a network effect, and network effects have become far more widespread. Lockin though network effects and technical measures to make switching hard are far stronger now.
- atmartins 3y agoGE? If you mean General Electric I'm confused because they've been around like 130+ years
- creer 3y agoThey have been around a long time, so has IBM, or HP, but they are not exactly at the peak of their glory. They are not in the running right now for "magnificent 8".