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More like it gets hard to achieve anything else because all other heavy duty sectors of the economy are already monopolized. When Google entered the telco spac
by qp11 2y ago
More like it gets hard to achieve anything else because all other heavy duty sectors of the economy are already monopolized.
When Google entered the telco space you would think they would easily take down the ancient parasites that are AT&T/Verizon/Comcast, but what happened?
Same story with Apple trying to get into auto/banking (credit cards)/content.
So the money is only going to be used in this way. They can't touch Exxon or Monsanto or Pfizer or Boeing. They can't do a thing about housing or education or health or banks.
So burning cash on novelty becomes their default path of least resistance. "Useful areas" have all been walled up.