Re:Twitter Is Expected to Field Bids This Week
by smacktoward on Wednesday October 05, 2016 @04:10PM
(#12647361)
It's not crazy, it happens sometimes with private businesses that grow into critical public infrastructure.
New York City's subway system is one example. It started out in the 1900s as a couple of private companies, Interborough Rapid Transit (IRT) and Brooklyn Rapid Transit (BRT). The lines these two companies operated suffered more and more over time from overcrowding, leading the city to establish a third, public system in the '30s, and then in 1940 to just buy out IRT and BRT and merge all three systems into the single, publicly-operated network that serves NYC today. (See https://en.wikipedia.org/wiki/History_of_the_New_York_City_S... for more on this.)
New York City's subway system is one example. It started out in the 1900s as a couple of private companies, Interborough Rapid Transit (IRT) and Brooklyn Rapid Transit (BRT). The lines these two companies operated suffered more and more over time from overcrowding, leading the city to establish a third, public system in the '30s, and then in 1940 to just buy out IRT and BRT and merge all three systems into the single, publicly-operated network that serves NYC today. (See https://en.wikipedia.org/wiki/History_of_the_New_York_City_S... for more on this.)