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...except Uber STILL faces competition, and I went back to hotels after finding AirBnB too pricy. It is good and proper that people aim to create monopolies, a
by SR2Z 4mo ago
...except Uber STILL faces competition, and I went back to hotels after finding AirBnB too pricy.
It is good and proper that people aim to create monopolies, as long as they want to do that in a productive and legal way! Monopolies are inherently dangerous, but the truth is that acquiring and maintaining one is not straightforward unless you can get the government to ban your competitors.
- bigfudge 4mo agoEven if these companies monopoly falters after IPO the disruption and distraction to a focus on producing can be a problem.