Post
Topic
Board Economics
Re: Tech companies no longer "friends"
by
paxmao
on 04/03/2021, 19:53:09 UTC
The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.
You mean they should start making their own crypto currencies or coins? ...

Once they see that Apple and Google are looking at making their own crypto currencies, naturally (at least most of the people) will try to learn more about crypto currencies. ...

Yes, that would be a way forward. With your own chain you are all the sudden a bank and a transfer system. Just imagine the economic energy of Appel's customer base captured by "Appelcoin". All the sudden you have millions adopting the coin and Appel grows into a inmense Fintech that might someday be larger than the current company.