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This bubble is caused by excess competition. There are 4 large companies who believe that a large new market is being created so each is investing large amounts
by marbro 11mo ago
This bubble is caused by excess competition. There are 4 large companies who believe that a large new market is being created so each is investing large amounts without any evidence that there will be a single winner that dominates the future market. None of these companies has anything remotely resembling a monopoly except for Amazon in online retail.
- griffzhowl 11mo agoGoogle: search, chrome, youtube Microsoft: desktop software Meta: social media Maybe on some technical definitions of "monopoly" these aren't monopolies, but nothing remotely resembling a monopoly? come on maan
- zigzag312 11mo agoMonopolies being bad for free markets is a simplification. Substantial control over the market would be more accurate description of the issue.