Comment by bostonsre
3 years ago
It's what they do if there is not a healthy market with lots of innovation and competition. It is a dieing (of maybe stagnant and on the decline) market where the few remaining are squeezing out the last remaining drops of revenue.
Competition isn't allowed to flourish when the market leaders use their runaway profits to buy up any and all possible contenders. My point is that this exact process can be seen across our economy, because anti-competitive behaviour is inherent to the economic system we live in. This is not controversial.
Selfishness and greed are inherent to people,the baby should not be thrown out with the bathwater tho. We should push against the Facebooks of the world because other economic systems have proven to be worse.