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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Replying to @benedictevans
Who was going to crush Shopify? 2/3 are right but dunno about Shopify
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Replying to @Molson_Hart @benedictevans
I’ve heard both amazon and Facebook over the years
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Replying to @breakfastbybill @benedictevans
Shopify was founded in 2004. Facebook was founded around then. Amazon didn’t really start making money until about 2014 so Benedict’s comment makes much less sense for shop than the other two.
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Replying to @Molson_Hart @benedictevans
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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Replying to @breakfastbybill @benedictevans
No one was saying an e-commerce company like Shopify was impossible because of Facebook at any time between 2004 and today.
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It's a bad example of an otherwise good point.
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