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> Something very strange happened in the last 20 years. Tech companies discovered that the most profitable position to be in was global middleman, at a scale p
by quasse 1y ago
> Something very strange happened in the last 20 years.
Tech companies discovered that the most profitable position to be in was global middleman, at a scale previously impossible before everything was connected by the internet. They undercut a given market until all the alternatives become financially non-viable and then start hoovering up all the margins from both sides (producer and consumer) of the deal.