Chapter
The Advantages of Scale in the Tech Industry
35:56 - 42:19 (06:23)
Scale in the tech industry makes new technologies more successful and harder to compete with. Google and Facebook reinvest their capital quickly to further their advancement, making it harder for smaller platforms to catch up.
Clips
The ability to quickly invest capital in new technology or products and scale them up can make a platform more successful and harder to compete with, as seen with Google and Facebook.
35:56 - 42:19 (06:23)
Technology Platforms
Summary
The ability to quickly invest capital in new technology or products and scale them up can make a platform more successful and harder to compete with, as seen with Google and Facebook. However, this also leads to less certainty for businesses and has allowed some platforms to skirt antitrust scrutiny.