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No company should exist at that size in a society that has a healthy distribution of power and fair competition. These businesses need to be split up ASAP. And
by blackeyeblitzar 3y ago
No company should exist at that size in a society that has a healthy distribution of power and fair competition. These businesses need to be split up ASAP. And if they aren’t, they should be heavily taxed and heavily regulated. If you’re that big and powerful, you are pretty immune to competition since you can eat losses, copy ideas from others, push your services unfairly, bundle things, etc. We need higher taxes and new anti trust laws that actually do something based on size or a lower threshold of market share, even if there’s no evidence of consumer harm. Getting bogged down in lawsuits around old toothless antitrust law is why nothing ever changes.
Also, at that size you’re basically like a government service. Companies like this should be held to standards as if they were publicly owned utilities, on topics like pricing or transparency or free speech or whatever.
- exe34 3y agoTax them on revenue. And introduce due process and minimum expectations for services - e.g. if you mess around with banks, you can get a basic account just to survive with. If you mess with Google, you can lose your lifetime worth of emails, contacts, photos, etc.
- carlosjobim 3y agoThey are taxed on revenue.
- exe34 3y agoIn which jurisdictions? The Google tax is still going after profits: https://www.investopedia.com/terms/g/google-tax.asp https://www.investopedia.com/terms/g/google-tax.asp This merely encourages more creativity in accounting.
- carlosjobim 3y ago> In which jurisdictions? The jurisdictions that have sales tax. Sales are revenue.
- deleted 3y ago[deleted]
- VirusNewbie 3y agoIt's amazing that you're the third person on this thread to not understand what market cap is.
- medo-bear 3y agoMarket cap refers to size. The comment you are replying to is talking about size
- VirusNewbie 3y agoYou're confused. It refers to the price of all available shares. We don't say "The size of Meta shrunk in one day by 20%" because the share price fluctuated. That would be retarded. No one refers to the 'size' of a company is referring to market cap.
- kaashif 3y ago> No one refers to the 'size' of a company is referring to market cap. Saying a company is "the largest by market cap" is very common. Just saying "largest" on its own is ambiguous. "Largest by revenue" is also very common. "Biggest by market cap" -- https://www.investopedia.com/biggest-companies-in-the-world-by-market-cap-5212784 https://www.investopedia.com/biggest-companies-in-the-world-... "Microsoft is the largest company in the world, with a market cap of $3.13 trillion." -- https://www.fool.com/research/largest-companies-by-market-cap/ https://www.fool.com/research/largest-companies-by-market-ca... I think "large" usually means revenue, but it can mean market cap too.
- medo-bear 3y agoYour presumtion of others' inability to understand is making you confused. No one said market cap equals size of a company. But market cap does measure financial power if we talk about percentage of shares owned. Anyway no single private entity should have that amount of market cap.
- VirusNewbie 3y ago
- deleted 3y ago[deleted]
- pyuser583 3y agoWhy did Google+ fail, but Reddit succeeded? Why was it so easy for Duckduckgo to establish itself? Was was Brave able to take a bit from Chrome, even when Microsoft Edge failed? Google faces strong competition. Even on its core revenue stream, advertising, Facebook was able to beat it.