No, they concentrate the profits in the hands of their founders, but the big winners are the millions of consumers. Yeah, Jeff Bezos is rich, but not as rich as a world with Amazon in it
No, they concentrate the profits in the hands of their founders, but the big winners are the millions of consumers. Yeah, Jeff Bezos is rich, but not as rich as a world with Amazon in it
Facebook can be super successful, but more people use it at work that they used to, is there a negative value effect of its services in society? Are cabbies poorer because of Uber?
A huge part of startup growth is effectively eating other industries, something always ommited in the argument "we create value, we are just making the pie bigger". Business are supposed to devour each other, its just a bad image to give.
Last I heard, Amazon responded by paying the fine... And continues to pay the fine, because the value of the French market still exceeds the fine.