this post was submitted on 28 Sep 2024
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Is this really the case? I feel like they might, but are deciding that its "worth the cost of business"
I'd think since companies get big enough they can just buy the promising competition before it becomes a problem, I'd say it's a worthwhile cost to them
Yeah, lack of competition is driving a lot of this. Fixing bugs doesn’t increase their stock value. It doesn’t make the line go up.
Launching products and bragging about profits makes the line go up (especially just before a quarter or monthly report is due).
AT&T/Bell Telephone was like this for years until they were finally broken up (nominally). When cellphones came out and provided nationwide competition, long distance suddenly became free.
We need to bust up google, Facebook, etc. They have nothing to push them to be better, just CEO egos and investors to please.
Facebook as a product is over. It's like 90% ads. I almost never see my friends posts anymore.
Its marketplace has been really popular in my area. Craigslist has all but dried up for may item types.
But they own Instagram as well don’t forget, and they have bought out many other competitors that we won’t ever get to experience.