4 ms·

Only if they have competition. Which long term is not the default state in the market.

• robertlagrant 2y ago
  > Which long term is not the default state in the market Why not?
  • lucianbr 2y ago
    Why did Facebook buy Instagram and Whatsapp? Why did Google buy Waze? Why did Volkswagen buy Audi and Skoda and Seat and Bentley and so on? Might as well ask why companies like money.
    • robertlagrant 2y ago
      Sure, but the car industry is pretty old and there's plenty of competition still.
      • hatenberg 2y ago
        I’m not sure about plenty when you actually look at it, but in any case it’s because of government intervention.
  • Draiken 2y ago
    Think about it for a second mate: competition leads to winners and winners don't like competition, they like monopolies. And no, the car industry has almost no competition. It's an oligopoly with very few players and a notoriously hard industry to get in.