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Maybe that's what's most visible, but at least in theory consolidation can create value by centralizing back office/G&A operations, bringing in a development te
by gruez 1y ago
Maybe that's what's most visible, but at least in theory consolidation can create value by centralizing back office/G&A operations, bringing in a development team to automate stuff (which is harder to do when the market is fragmented and everyone is trying to do their own thing), and better management (vaguely defined).
- spwa4 1y agoExactly. Ideally they create the difference between a McDonalds and a random private non-themed eatery/restaurant. They create consistency, and actually have a company behind it. Now you can say "there's no value there", but I'm guessing your kids strongly disagree in the McDonalds case ...