Comment by helicone

Comment by helicone 4 days ago

0 replies

looking at their wikipedia page they raised $100M decades ago to make that company. it doesn't seem like a good bet to raise money like that just to compete with an already well-known name in the space. maybe you could do it cheaper today, but what's the point? it's probably higher EV to just build something new in a different space and own that market.

i don't think this has to do with trust-busting i think this has to do with there being lower-hanging fruit elsewhere.

but regarding the principle of what you said, especially with tech markets, the government has a vested interest in keeping these companies as monopolistic as possible. a monopoly is always at risk of being taken down by the government, so the government has good leverage over them. with this leverage they can demand all sorts of things from them they otherwise couldn't like warrantless access to user-data and there's nothing the company can do about it. even if the leadership cared about protecting that data. its a much lower administrative cost to abuse one large company that it is to abuse hundreds of more competitive smaller ones.