Because big companies can crush competition, either via lobbying for government regulations, acquiring the competitors, or driving the competition out of business by offering something comparable but cheaper or free.
It's the old Microsoft playbook of Embrace, Extend, Extinguish, but with more finesse.
It is also why their acquisitions tend to just die, because once the big company inefficiencies get integrated, the acquired startups just cannot function.
It's the old Microsoft playbook of Embrace, Extend, Extinguish, but with more finesse.
It is also why their acquisitions tend to just die, because once the big company inefficiencies get integrated, the acquired startups just cannot function.