undefined | Better HN

0 pointspmart1237y ago0 comments

IMO, that is not the point. Lobby spending can be more indicative of a looming regulatory threat than to protect monopolies that harm consumers.

I also think that Warren is dead wrong. The internet/FB/GOOGL allow smaller businesses to flourish. 15 years ago, only major brands could afford to advertise or reach an audience, now niche companies can exist with a national or international presence.

If anything, these tech monopolies hurt the previously established, Coke/Kraft/Sears and they hurt VC's who can't find a way to scale a niche brand with smaller TAM's or compete directly with Amazon, etc.

0 comments

sjy7y ago

No doubt the internet itself has created new opportunities for small businesses, but why do you say that huge companies like Facebook and Google needed to accumulate market power to achieve that?

j / k navigate · click thread line to collapse

0 comments

sjy7y ago

No doubt the internet itself has created new opportunities for small businesses, but why do you say that huge companies like Facebook and Google needed to accumulate market power to achieve that?

j / k navigate · click thread line to collapse