Re:How to succeed at Meta as SWE – focus on metrics, ignore ...
by akira2501 on Thursday October 13, 2022 @04:54PM
(#33196351)
> except that our fucked up economic system
A company decides whether it's publicly traded or not. It also decides whether it makes an offer to buy the competition or not. I think people forget just how many entities Google has purchased over the years, and how often the FTC has just let them get away with it.
> A bakery that's been happily serving its community for 25 years isn't a monopoly just because it doesn't feel pressure to grow.
Are we really going to compare a single locally owned bakery with a naturally limited consumer market to a corporation like Google?
Wouldn't you agree that bakery would be a monopoly if it let it's standards slip for a few years, and an ex-employee of that bakery opened a new shop, and the existing bakery just decided to buy them out and then close their business instead of starting to compete with them for customers?
Now multiply that by like 250 times. I hardly think it's uncharitable to call this "strategy" out for what it is.
A company decides whether it's publicly traded or not. It also decides whether it makes an offer to buy the competition or not. I think people forget just how many entities Google has purchased over the years, and how often the FTC has just let them get away with it.
> A bakery that's been happily serving its community for 25 years isn't a monopoly just because it doesn't feel pressure to grow.
Are we really going to compare a single locally owned bakery with a naturally limited consumer market to a corporation like Google?
Wouldn't you agree that bakery would be a monopoly if it let it's standards slip for a few years, and an ex-employee of that bakery opened a new shop, and the existing bakery just decided to buy them out and then close their business instead of starting to compete with them for customers?
Now multiply that by like 250 times. I hardly think it's uncharitable to call this "strategy" out for what it is.