Congress is going to throw the kitchen sink at big tech

Post by antifa » Sat, Jun 12, 2021, 12:01 PM UTC

fb13 wrote: post #278

cookiengineer wrote: post #273

Earlier quoted context omitted.

I think that the startup culture and everyone wanting to be a tech billionaire kind of changed the amount of midlevel companies. Most of them get acquired by the big ones at one point - or aren't able to compete with them technologically. Everything gets absorbed into blobs of enterprises that do not give a single damn about the individual customer. The ironic thing here is that this goal, being absorbed by corporate…

> I want to build a legacy, not some zuck or besos weekend shopping item. Yeah, keep that view and you'll succeed. Beware of: children, relationships that expect things from you, anyone that isn't within your reality distortion field. I'm with you. I guess your in your twenties. Me, early thirties. It does get harder to say no to everything everyone around you is doing successfully, for moral reasons. Zuck/bezos and…

Post by mindslight » Sat, Jun 12, 2021, 3:23 PM UTC

jandrese wrote: post #128

mindslight wrote: post #94

Earlier quoted context omitted.

But Trader Joe's doesn't sell anything that is name brand? The whole store is store brand.

They stock plenty of third party Wine in my area, although the beer is all Trader Joe labeled. There are a handful of other things that aren't Trader Joe store brand or completely generic (yet?). Not that it would matter here, the law in question sets the market cap miles above where Trader Joe's is.

Post by andreilys » Sat, Jun 12, 2021, 4:44 PM UTC

bobthepanda wrote: post #287

andreilys wrote: post #244

Earlier quoted context omitted.

Why wouldn't an international tech co just be able to acquire domestic companies and/or launch products at a significant loss to gain market share in the US? For example, break up Amazon and you now create an opening for Alibaba to expand into the US. Spending billions in order to get customers to shift to Alibaba instead of Amazon.

This is probably overblown if only because practice has borne out that the Asian platform model has ported very poorly to the US. Americans don't seem to be interested in using massive platform apps that contain the kitchen sink; WeChat is available but not popular, same for LINE, and Messenger never successfully became that. Right now the most successful overseas strategy for a software company has been Tencent's ga…

Post by [deleted] » Sat, Jun 12, 2021, 4:58 PM UTC

andreilys wrote: post #242

ProjectArcturis wrote: post #237

Earlier quoted context omitted.

If we protect out markets from all monopolies, foreign included, we'd end up with tons of competitive companies all scrapping to be the best. Instead what we've got now are monoliths that will gradually ossify into cable-company levels of innovation and customer service. Breaking up domestic monopolies would be one of the best things we could do to compete internationally.

Breaking up domestic monopolies would be one of the best things we could do to compete internationally. International monopolies will be able to expand into the US and burn cash to acquire users and grow market share. Then when they've run all domestic companies out of business, they will raise prices.

Post by rsj_hn » Sat, Jun 12, 2021, 5:38 PM UTC

akiselev wrote: post #35

newsclues wrote: post #20

Earlier quoted context omitted.

Grocery retail is much more complicated. They may charge shelf space rent.

They take on the vast majority of the inventory risk, which is the fundamental detail everyone seems to miss. They own what they sell. The complications come from trying to manage that risk - manufacturers who have better products or marketing can afford to pay for prime shelf space which also means it'll move faster.