IPO after becoming a monopoly has been a thing for a while. Amazon ran negative revenue for an extremely long time to run all competition out of business.
But in this case they don’t really have a moat, any invention is copied or surpassed by the competition within weeks/a few months, and there’s no monopoly in sight. And they’re all running negative revenue following the same scheme, high chance that if some start failing, it will scare investors, which in turn makes the negative revenue thing harder to do for the ones still in business
IPO after becoming a monopoly has been a thing for a while. Amazon ran negative revenue for an extremely long time to run all competition out of business.
But in this case they don’t really have a moat, any invention is copied or surpassed by the competition within weeks/a few months, and there’s no monopoly in sight. And they’re all running negative revenue following the same scheme, high chance that if some start failing, it will scare investors, which in turn makes the negative revenue thing harder to do for the ones still in business
You don’t necessarily need tech to monopolize an industry. Amazon is warehouses with delivery service.
That’s ominous.