I love this reply. We can go even further. If we would approach air safety in such way as Nuclear, then de Havilland DH.106 Comet would be first and last commercial jet.
Nuclear fision reactors safety technology have moved further. There are challenges, but we havent even tried to solve them fully (as we were busy improving gas burning efficiency)
+many. There are plenty good Enterprise software with bad rep. You can spend a lot of engineering talent to rebuild what is already solved or just buy boring tech. Splunk by definition is boring and with Twitter scale makes sense. Twitter is not too big, its decently sized.
Defining monopoly by marketshare is shallow. Best monopoly is when your customers switching costs are high. Thats why some of FAMG is with so good friends with Lawmakers. To provide political protection.
I am not from US, but what I see from my experience there is one huge problem with mergers (besides all other): too big to fail. If you become systematical player like big banks and if you intentionally or non-intentionally get in trouble. You will be bailed out, not go bankrupt. This turns on God mode for Corporations, this create intention become reckless.
If big banks would not be bailled out in 2008. Most likely we would see at least some kind of fragmetation.
> “Out of public view, the state-owned broadcaster has been altering old episodes of its shows to make them ‘suitable’ for modern listeners.“
I don’t get why grown ups need to be threated as kids. I am doing same for little ones, but why for grownups. Times changes, what is or not ok changes. In that case maybe adding some context commentary would be fine for those who dont know history. But erasing it is not cool
Did not thread fully, but I get your point. I know large portion hacker news audience dont like Sowell (and other Chicago school econs). In Basic Economy he defines that monopoly cant be defined “market share”, but how hard is to migrate off/open new competitors. Seing how tiktok eating userbase for fb. Its hardly defined as monopoly in social media angle. There should be more