Have you heard of the debate that companies that own platforms should not own the services on it. Maybe you do not understand, there have been people who stand to say that if iPhone produces a phone, they should not be in charge of the softwares in it, If Amazon is a platform to sell product, it should not sell its product.
So many big companies have been facing a lot of issues with being monopolistic and being anti-competitive. From Google, Facebook, Amazon, Apple, Microsoft, Sprint, T Mobile and many more, they have paid a lot in fine.
So many of this companies are very profitable like Apple, Google and so on while a few are only interested and getting bigger and bigger. Amazon is one of these companies. Amazon makes a lot in revenue but it has a very low profit in total, this is because the company has been intereted in growing itself and not concerned about profiting currently.
Companies like Amazon is a large corporation with several subsidiaries to it. The company has a large stock valuation, it also has users data. These resources is what Amazon uses to compete with its' competitors selling its own product to its customers using their data and making other suppliers and distributor have stocks unsold.
Apple is also another company that makes competition very difficult as a result of its size, finance and market cap. It is no doubt that Apple is an enclosed product and at such, Apple sells its products to its over 1 billion customers and then provides services in apps through the Apple store but Apple do not allow its service providers to provide apps to its users as Apple itself make the same Application making it difficult for competition to win thereby creating uneven competition.
A lot of companies are anti- competitive and only want to grow but not everyone believes this. What do you think about big companies and how they operate as well as how they buy startups, it is a good thing or not?
Hello @ojerinde
Large companies, those with many years and even decades in the commercial world have worked hard to get where they are. Now, that does not mean that they should have total hegemony and not give others a chance. I think that's a great detail.
There are those who want to do things and are literally blocked by these big companies. There is no healthy competition, let alone balanced competition.
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I appreciate this great contribution of yours @josevas217, most great companies give no room for smaller ones at all.
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One thing me have noticed is that those big companies with the way the handle and grow their stuffs, it makes it more difficult for the small companies under them to even grow above or see the top because it seems the big companies are always covering the top preventing the small companies to see the top
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The great connections they have at the top already makes them extremely unbreakable.
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