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They use first-mover advantage to create long-lasting, high-margin monopolies with persisting returns completely out of proportion to the value they add. In dr
by toasted 13y ago
They use first-mover advantage to create long-lasting, high-margin monopolies with persisting returns completely out of proportion to the value they add.
In drug patents, the company gets 12 years to make revenue from its innovation.. why should ebay get an eternity?
- zaroth 13y agoHigh margins breed competition. Competition breeds innovation. Whoever is on the top of the hill at this moment is irrelevant. If you think eBay has no competition, or there's no innovation happening in the auction space, well then you haven't even been reading the news! eBay proved the market. That's a really big deal.