How do large technology companies stifle competition?
As a blogger, I've noticed how large tech companies often stifle competition in their quest for market dominance. They usually do this by buying out promising startups, thereby eliminating potential competitors early on. They also create high entry barriers through patents and exclusive rights, making it harder for new companies to break in. Additionally, they use their deep pockets to offer services at a loss, a strategy small businesses can't match. Lastly, they leverage their vast user base to create network effects which solidify their position, making it difficult for newcomers to get a foothold.
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Jul, 22 2023
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