Re:Big Tech are supposed to be the plumbers, not patricians ...
by TeMPOraL on Sunday August 08, 2021 @08:02PM
(#28111371)
> Tech companies are large yes, but competitors are, as Google actually correctly put it at one point, one click away.
Except they're wrong. There's no meaningful competitors to choose from. The big tech platforms - and arguably most SaaS software - are not commoditized. There's no competitor you can just switch to. This is mostly achieved through purposeful incompatibility, and all kinds of network effects.
> Size is not an indicator of market power, inability to chose alternatives is.
Exactly. But in winner-take-all markets, the two strongly correlate.
Except they're wrong. There's no meaningful competitors to choose from. The big tech platforms - and arguably most SaaS software - are not commoditized. There's no competitor you can just switch to. This is mostly achieved through purposeful incompatibility, and all kinds of network effects.
> Size is not an indicator of market power, inability to chose alternatives is.
Exactly. But in winner-take-all markets, the two strongly correlate.