Busting up big tech is popular, but here’s what the US may lose

D8CADDFF-14AD-4FD6-B130-7B0FE9B55A03

Facebook CEO Mark Zuckerberg testifies remotely during a House Judiciary subcommittee hearing on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington.

Lawmakers don’t like them, but what they bring to the competition with China may be too valuable to break up.

The heads of Facebook, Apple, Google and Amazon appeared before angry lawmakers Wednesday as Congress prepares to weigh new anti-monopoly regulations, including possibly breaking them up. Facebook’s Mark Zuckerberg turned to a familiar argument, saying that breaking up the big tech companies would hurt U.S. competitiveness against China in developing new technologies and America’s ability to curb Chinese influence globally.

So are U.S tech giants an asset to the U.S. in its competition with China or a hindrance?

Continue reading… “Busting up big tech is popular, but here’s what the US may lose”

0

Competition is for losers: Peter Thiel

google

Google makes so much money that it is now worth three times more than every U.S. airline combined.

This question is harder than it looks – what valuable company is nobody building? That’s because your company could create a lot of value without becoming very valuable itself. Creating value isn’t enough—you also need to capture some of the value you create.

 

 

Continue reading… “Competition is for losers: Peter Thiel”

0

Why big companies die

life-expectancy-of-firms-r1

Peggy Noonan isn’t usually thought of as a mangement thinker.  But in her Wall Street Journal column last week she has an insightful paragraph on management:

There is an arresting moment in Walter Isaacson’s biography of Steve Jobs in which Jobs speaks at length about his philosophy of business. He’s at the end of his life and is summing things up. His mission, he says, was plain: to “build an enduring company where people were motivated to make great products.” Then he turned to the rise and fall of various businesses. He has a theory about “why decline happens” at great companies: “The company does a great job, innovates and becomes a monopoly or close to it in some field, and then the quality of the product becomes less important. The company starts valuing the great salesman, because they’re the ones who can move the needle on revenues.” So salesmen are put in charge, and product engineers and designers feel demoted: Their efforts are no longer at the white-hot center of the company’s daily life. They “turn off.” IBM [IBM] and Xerox [XRX], Jobs said, faltered in precisely this way. The salesmen who led the companies were smart and eloquent, but “they didn’t know anything about the product.” In the end this can doom a great company, because what consumers want is good products.

Continue reading… “Why big companies die”

0

Is buying Monopoly’s Boardwalk really worth it?

boardwalk

Is buying Boardwalk the best strategy?

Monopoly is a bonding experience in some families. For other families, it’s a Machiavellian affair that tosses love and loyalty aside in favor of a capitalistic bloodlust where there is but one goal: Drive mom, dad, grandma and weird Uncle Steve into bankruptcy as soon as possible.

 

Continue reading… “Is buying Monopoly’s Boardwalk really worth it?”

0

Reinventing Monopolies

Reinventing-Monopolies-241

Futurist Thomas Frey:  In 1936 Edwin Howard Armstrong unveiled an improvement in radio that would later become known as FM radio. Working out of an office on the 82nd floor of the Empire State Building, an office provided by RCA, Armstrong was on the verge of revolutionizing the radio industry. But it was a revolution that would not happen for several decades.

 

Continue reading… “Reinventing Monopolies”

0

Monsanto Takes Fight To Control Your Food To Supreme Court

monsanto1 124

The battle over the non-regulated status of genetically modified crops has reached the US Supreme Court. Monsanto has, not surprisingly, appealed a lower court decision that halted the continued unregulated release and planting of the agrifood giant’s Roundup Ready Alfalfa.

Background and implications of the case, after the jump…

Continue reading… “Monsanto Takes Fight To Control Your Food To Supreme Court”

0

Hasbro’s Monopoly Game Goes Online With Google Maps

monopoly1

An online Monopoly view of Mayfair in London. The game uses Google Maps as a board

Google is to team up with one of the world’s biggest board game manufacturers to create an online version of Monopoly.  The search engine has called on Hasbro to produce the game, which will use Google Maps as a board so players can choose from millions of streets around the world to buy.

 

Continue reading… “Hasbro’s Monopoly Game Goes Online With Google Maps”

0