Do you really think that Google or Amazon want to be a bank? - Chris Skinner's blog https://thefinanser.com/2017/10/really-think-google-amazon-want-bank.html/ … via @Chris_Skinner
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Replying to @varajendran @Chris_Skinner
I think this is very topical as it cuts to the heart of what's happening this week, re: the major push to regulate the big tech companies.
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Tech companies not nearly there yet - they maintain barriers to entry through network effects not "regulated industry" barriers to entry
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Replying to @SimonPearceLive @Chris_Skinner
Once everywhere, Amazon wanted to pay sales tax.Once Paypal at scale, it embraced KYC to form barrier.GAFA will figure how to make reg work
1 reply 0 retweets 1 like
Facebook seems to be turning a corner on this too, not by choice: A Timeline Of Facebook’s Evolution On Russia https://apple.news/Aa3giWsLfTgatpfwlgZ7vTAhttps://apple.news/Aa3giWsLfTgatpfwlgZ7vTA …
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