@pluralistic
This is a fantastic interview.

"This is why merger scrutiny is such a big deal, because these companies are not built by super geniuses who use their access to the capital markets to build these impregnable businesses which no one else can assail. They are regular, venal mediocrities who use their access to the capital markets to buy everyone who might threaten them. If there’s merger scrutiny, that just stops happening."

'Venal mediocrities' is going into my autocomplete file.

Venal vs venial

Venal means capable of being bribed, easily corrupted. Venal is an adjective, related words are the adverb venally and the noun venality. Venal comes into the English language in the mid-seventeenth century from the Old

GRAMMARIST
@kims
Re the screenshot about Google:
Linspire CNR Click-n-Run &
Xandros Linux had webstores for software long before Google Play and Apple store. Never been able to see how the intellectual property worked out.
@pluralistic @cainmark

@kims @pluralistic

I believe we should differentiate between a company acquiring a competitor to silence it and one acquiring a business that is bringing new product line to its portfolio.

Google bought Android and invested a huge amount of money over the years to make it a worthwhile IOS competitor. Without Google's clout I doubt very much Android would have accounted for much. The same could be said of YouTube.

@theRealKanuk @kims @pluralistic YouTube was pretty big when Google bought it, no?
@wh0sthatd0g @theRealKanuk @kims @pluralistic yes, and very hot. There were several courtiers & Google paid 1.5 billion - which at the time seemed like a lot of money
@wh0sthatd0g @kims @pluralistic Big for its time but nothing compared to what it has become. Could it have done it without the backing of Google? Everything is possible.
@kims @pluralistic It’s an excellent point and in addition to only making one and a half original products there was no innovative technology in the search engine either; it was an innovative marketing concept of not having their homepage a sea of advertising. A principle which is long since all but abounded.