A few years ago, a prominent DC lobbyist told me no one could compete against America's tech giants. He stated, "We used to say any kid with a computer could compete with them in a garage, but now they are buying up every kid with a computer who would compete with them."
I found the belief strange given that no company has the immense wealth to buy up all potential competition on earth, any attempt to do so would inevitably result in major losses from subsidizing an endless stream of failures. But his position became more comical just a couple of years later when TikTok sent Meta's stock into a tailspin after experiencing seismic platform growth.
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