You mean kills potentially successful tech companies of the future by acquiring startups to cement their dominance.
I get why people on this site are in love with the idea of building an unsustainable, money-losing business where the only path to success is being acquired by a tech giant. It's like winning the lottery! But it helps nobody, it hurts your customers/users, and it hurts innovation. It's also stupid, as a successful tech company could potentially grow as big as the giants you're courting (ESPECIALLY now that the FTC has started finally doing its job). Why else do you think they're spending so much money to acquire you? It's easier on the ego to call it an "acquihire", but the truth is that they're just paying a maintenance tax on their monopoly.
Every time people complain about how detrimental big tech is to society, it ultimately comes down to this sad strategy.
You mean kills potentially successful tech companies of the future by acquiring startups to cement their dominance.
I get why people on this site are in love with the idea of building an unsustainable, money-losing business where the only path to success is being acquired by a tech giant. It's like winning the lottery! But it helps nobody, it hurts your customers/users, and it hurts innovation. It's also stupid, as a successful tech company could potentially grow as big as the giants you're courting (ESPECIALLY now that the FTC has started finally doing its job). Why else do you think they're spending so much money to acquire you? It's easier on the ego to call it an "acquihire", but the truth is that they're just paying a maintenance tax on their monopoly.
Every time people complain about how detrimental big tech is to society, it ultimately comes down to this sad strategy.