People confuse ‘high share price’ or ‘cashflow’ with power.
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Replying to @benedictevans @raphacaixeta and
Forced to use everyday for most functions across many jobs=power. Still though, my thesis is that monopolies like MSFT haven’t just faded away because internet/mobile as per your first tweet. World’s biggest company! Everyone I talk to hates their products. No choice.
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Replying to @zeynep @raphacaixeta and
As to my previous point - I am totally baffled by this position, and see no rational basis for it. In the previous their you cited market cap as though that was power, which I cannot comprehend. And here too - this is a really narrow definition of power.
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Replying to @benedictevans @zeynep and
What industry standards does Microsoft set? What leverage does it ahed over other companies? Can it control what a startup does? Do people worry what it will do? Cn it put anyone out of business? Can it charge monopoly prices? 2/3
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Replying to @benedictevans @zeynep and
Saying 'I have to use Office therefore they have power' is like saying the tax office has to use mainframes therefore IBM has power. That's one product. It's not power/dominance/control/fear in the tech industry. I don't see how you don't see this. 3/3
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Replying to @benedictevans @zeynep and
All attributes mentioned hold influence of some sort, why argue binary ends?
@zeynep speaks of grassroots/D2C influence, you of Enterprise/Top-Down, all valid and contributing to a nuanced answer, no?2 replies 0 retweets 0 likes -
Replying to @dpfrank07 @benedictevans and
We are talking about slightly different things, indeed.
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Replying to @zeynep @dpfrank07 and
I'm talking about market power. I actually don't understand what you're trying to say. That it has lots of cash? It has a high market cap? People still use the products? Sure. None of that is power. None of that is monopoly, or market dominance, in any sense.
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Replying to @benedictevans @dpfrank07 and
Monopolies have staying power outside of market forces. They don’t necessarily fade when new lanes open—internet, mobile. That MSFT has so much cash plus value plus user base seems indicative of monopoly’s enduring power. Sure, it’s not market power. (In fact, that’s the point).
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Replying to @zeynep @dpfrank07 and
No, that directly contradicts everything you previously said. Either it has dominance in tech, or it does not. Pick one. This thread (like many with you) is like nailing jello to a wall.
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I’ll leave it at I don’t see it as a faded monopoly at all.
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Replying to @zeynep @benedictevans and
Miscrosoft looks like a utility. Utilities are often monopolies with great cash flow. Little optionality or strategic choice for the future.
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