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https://youtube.com/shorts/d-jHW5pWayg?si=y98y-SeTmVr7li0g
Ebay runs a similar operation that could have served as a substitute. It's simply the case that people wound up preferring Amazon. Myself included, although I do appreciate having a site to auction of more rare items. Other businesses often also have their own delivery which can serve as an alternative. Amazon is not a monopoly. It just has a very big market share. That said, if we want to say Amazon is a monopoly because no business is doing exactly what it does, well, then no one is doing exactly what OnlyFans is doing either, and so then we'd have to admit that tech monopolies are also possible in Europe and that isn't a clean differentiating factor.
if that's the case, perhaps more people will gravitate towards those search engine sites, although I think this makes it clear that Google is not a monopoly even better than the Amazon case.
Again, I think the dominate story with Google and most of these businesses is one of network effects.
You'd have to explain to me when I should think of the situation like a monopoly of any kind. Your example doesn't really get me there. Sure, if a company is effectively the only business that provides a service in an area, like say a single hospital in a small town, I'll call it a monopoly on a local level. But I see no transfer over to the tech companies you want to talk about. Other options are typically available.
The ad revenue is what makes the service free, so that is a barrier you'd come up against in making a competitor. I'm also not so sure it's very easy to make an alternative that is better than the Google search engine such that just any collaboration software engineers could do it from the ground up, but then again I'm not a programmer or something.
Now you're making a comparison to effective local monopolies, which isn't comparable to the businesses that were listed. They just have a lot of market share.
Businesses start in the negative all the time. Investors took on a risk to get a successful business up and running, and they happened to bet correctly that the Amazon business model would overtake other business models like Ebay. There was no guarantee ahead of time that people would make the switch.
I used social media to talk about network effects, but it also applies to most things online. Search engines become more valuable the more people use them, shopping platforms do, etc.
It's the lower government spending and the less stringent tech regulations. 👍
Is this meant to be a joke? Of course stocks are going up during Christmas. Those are all virtual monopolies that put everyone else out of business by having lobbyists use influence in governmental powers some like Google even having government contracts.
Nah, I think most of my posts tend to be serious these days.
I posted that to show that the U.S. dominates the tech industry.
They aren't monopolies, as they do always have competitors. People just use them much more often that they hold a lot of market share in their industries.
These are internationally successful companies. Your explanation for them having a lot of market share is that they managed to lobby all rich nations in their favor, as opposed to domestic companies who apparently failed to do so, despite having people probably more familiar with lobbying in that nation. That's implausible.
A much more likely explanation is that the tech industry is one that naturally concentrates. This happens via network effects. Many of these businesses become more valuable the more people use them. Even with so many people hating Elon Musk, there has been difficulty coordinating on a different platform to try, and even now that people are starting to use BlueSky, many people are nonetheless using both at the same time instead of completely migrating. This is because Twitter has started off with more users, and people do not want to lose access to the audience.
Again, network effects likely explain this more than anything. Notice that European tech companies, when successful, are also able to take up a lot of market share in their industry. There's no business that does quite exactly what OnlyFans does. That's based in the UK.
Since network effects explains the market share these businesses take up, that kicks the can down the road as to why the U.S. has more startups that go on to take on a large amount of market share. We have a better business environment for tech than Europe. That's all.
Maybe you're just tired
Yes and no. It was a joke that me and my friends made when playing Battlefield One long time ago but at the same time I really like the band too, so two things fused with each other!