Only on HN would two companies that are losing millions be considered a “monopoly”.
Neither Reddit or Twitter are in any form shape or fashion a “monopoly”.
Neither Reddit or Twitter are in any form shape or fashion a “monopoly”.
But, if you really want to look at the biggest companies in tech:
1. Apple was founded in 1977 and never racked up huge losses
2. Microsoft was profitable before it went public in 1980 and only took investor funding later on because BG wanted advice
3. Google never lost huge amounts of money
4. Facebook was profitable before going public and only went public because they had so many shareholders that they had the same reporting requirements as a public company.
5. Amazon (disclaimer my employer) is the only one that took huge losses early on.
So which “monopoly” do you believe operated at huge losses that is now successful?
And if you really want to be pedantic (not saying you are), Apple lost billions between 1995-1999. But not trying to capture market share. No one wanted their products.