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Ask HN: Are there any business monopolies that you like?

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Ask HN: Are there any business monopolies that you like?

#1

Post by NewUser76312 »

It seems a common pattern that a business gets big enough, dominate through network effects and/or regulations and high barriers to entry, and then their services and customer support deteriorate to awful levels. But they end up being the only major game in town, so consumers begrudgingly use them.

That's the common pattern I see, at least.

So I'm curious about the opposite - are there any businesses that are relative monopolies in their industries that you're happy to use / do business with?

I'm struggling to come up with an example myself. Are monopolies doomed to become awful to consumers?

Re: Ask HN: Are there any business monopolies that you like?

#2

Post by toomuchtodo »

Costco, Bosch, companies with moats who aren't extracting from their customers (broadly speaking). I would've included Southwest Airlines until Elliot Management came in to squeeze the org for returns, and has enshittified the carrier in the process.

Re: Ask HN: Are there any business monopolies that you like?

#5

Post by NewUser76312 »

toomuchtodo wrote: post #2

Costco, Bosch, companies with moats who aren't extracting from their customers (broadly speaking). I would've included Southwest Airlines until Elliot Management came in to squeeze the org for returns, and has enshittified the carrier in the process.

Costco doesn't seem to be like a monopoly, broadly speaking they compete with many grocery stores and bulk food outlets. That being said they often have solid inventory, and the samples used to be a nice touch until all my local locations got way too crowded.

Re: Ask HN: Are there any business monopolies that you like?

#6

Post by fragmede »

NewUser76312 wrote: post #4
PaulHoule wrote: post #3

Steam?

They seem decent enough. I barely play games these days, so I don't fully understand the value they add. Just seems like a convenient app store that lets me port my collection across different computers.

That convenience is everything. Doing it well, and not falling into the trap of putting profit (too far) above users is the challenge that is too hard for other players (except maybe GoG) to get right. It's like WiFi. You go somewhere, connect, it works, and then you don't think about it unless it's surprisingly fast, or there are problems with it. Everyone else's offerings on this space just feel janky and liable to take your money for some reason. Steam, for the majority of its users "just works". That's not to say there are zero buys with the software and that nobody has valid complaints about it, but just that in general it's great.

Re: Ask HN: Are there any business monopolies that you like?

#7

Post by benoau »

PaulHoule wrote: post #3

Steam?

There's really two different Steams, there's the beloved one with 30 - 50 year olds getting great value from good games and frequent discounts and bundles. Then there's the shitty stuff that the kids plow money into where they pioneered concepts like lootboxes, some of their biggest cash-cows may become illegal under the EU's Digital Fairness Act.

https://www.digital-fairness-act.com/

Re: Ask HN: Are there any business monopolies that you like?

#8

Post by fragmede »

NewUser76312 wrote: post #5
toomuchtodo wrote: post #2

Costco, Bosch, companies with moats who aren't extracting from their customers (broadly speaking). I would've included Southwest Airlines until Elliot Management came in to squeeze the org for returns, and has enshittified the carrier in the process.

Costco doesn't seem to be like a monopoly, broadly speaking they compete with many grocery stores and bulk food outlets. That being said they often have solid inventory, and the samples used to be a nice touch until all my local locations got way too crowded.

Who else competes in that specific market though? Sam's Club and Smart-and-Final are the two I can think of, and it's been a while since I've seen either one of those. Oh, and actual restaurant supply stores, but those are different, imo. Costco's not directly competing with Safeway, for example, as they are different parts of the market.

Re: Ask HN: Are there any business monopolies that you like?

#9

Post by toomuchtodo »

NewUser76312 wrote: post #5
toomuchtodo wrote: post #2

Costco, Bosch, companies with moats who aren't extracting from their customers (broadly speaking). I would've included Southwest Airlines until Elliot Management came in to squeeze the org for returns, and has enshittified the carrier in the process.

Costco doesn't seem to be like a monopoly, broadly speaking they compete with many grocery stores and bulk food outlets. That being said they often have solid inventory, and the samples used to be a nice touch until all my local locations got way too crowded.

Can you provide some examples of monopolies for context in this discussion?
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