Zoom, Shopify and Stripe are three fun examples of companies that were obviously impossible because the 'tech giants can easily expand into new areas and squash competition'. And Zoom wasn't even doing anything 'new'. Combined value of $123bn.
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Facebook was a much bigger company with much larger audience than Shopify. Specifically I remember when they launched the Facebook developer ecosystem and brand pages, people saying it would be a matter of time until Facebook hosted stores and squashed SHOP
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*much bigger much faster
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