Hacker Read top | best | new | newcomments | leaders | about | bookmarklet login

> that they have no competition for market making their own items.

They will not have the competition. Because it's their items, and they chose to only support items sold through their marketplace.



sort by: page size:

> due to lack of competition.

So let's compete! What are they selling? What prevents competitors from springing up?


> and they have rights to sell what they want

No, they don't. They cannot sell a device that harms you or your neighbours, for instance. More to the point, they cannot sell a device that prevents competition.


> Is the product good? Yes or folks wouldn't buy it.

This would indicate that there is no monopoly.


> Because it's their product. They're permitted to do whatever they want with it.

No, they're not. https://en.wikipedia.org/wiki/United_States_antitrust_law


>Is there any hope of genuine competition in this space

No.


> These companies essentially have a monopoly on the market; there is simply no competition to drive the price down.

The word for this is oligopoly.


> Just like Walmart has a monopoly on things sold at Walmart.

No, not just like it. Walmart does not exclusively sell goods that require a Walmart product to use. That distinction makes the comparison not very similar at all.


> TBH, I don't really think they compete in anything like similar markets.

Yes.


> but it is their product. They define how they sell it.

It's not "theirs", they have only been granted a limited-time monopoly on it in order to incentivize the initial creation. If they abuse that monopoly, we (i.e. society) CAN take it away.


> which is just assuming the existence of a consolidated industry.

Well, consolidated industries currently exist, and they don't take too kindly to competition.


> they become a market that manufacturers refuse to tap, because it cannot be fully exploited to the disadvantage of the operator.

Sounds like a market failure if there is money left on the table but no competitor who wants to grab it for themselves.


> If you're relying on your competitor to enable your business model then you're not competing with them.

This is not true, and there are multitudes of counter-examples: store-brand products sharing shelves with competitors, EVs delivered by ICE vehicles, AOL CDs being sent by mail, etc.


> it’s a very competitive market

> it’s not their fault there’s no competition

Perhaps you could rephrase your rebuttal? It doesn’t quite make sense as I am interpreting it.


>You realize how your argument could apply to any monopoly right?

In a monopoly there wouldn't be significant competitors to compare against.


> I dont have a problem with Monopoly per se. I have a problem with their quality being crap and making little effort with update and improvement.

That is a consequence of having a monopoly.


>who are going to end up being a global competitor

They already demonstrated they cannot compete without help from the government. It's an inferior product that can only succeed because the better competitors are banned. Kind of like iPhone default browser.


>because they're a monopoly

They're not a monopoly.


> They have no market influence.

In other words you have no idea what you're talking about, and why should anything else you say be treated any differently?


> There can be no competition if there is copyright involved.

Truth is there can almost never be real competition on any market that isn't raw materials, because there's IP (not just copyright, but patents and trademarks as well) almost everywhere else.

next

Legal | privacy