## Colophon date: title:: FAANGs Won’t Bite Forever type:: [[literature-note]] tags:: url:: https://economictimes.indiatimes.com/epaper/delhicapital/2022/nov/02/et-edit/faangs-wont-bite-forever/articleshow/95239752.cms status:: [[bean]] ## Notes > However, in a June 2019 analysis, Ryan Bourne of the Cato Institute says history shows that supposed monopolies are temporary, and old giants are constantly ousted by new ones. The Great Atlantic and Pacific Tea Company (A&P), the US retailing giant of the 1920s-30s, was prosecuted for monopolistic practices, but was downed by new technology and market forces that led it to bankruptcy in 2010. Myspace was the original social media giant whose dominance seemed above challenge. Yet, Facebook soon ousted it. — [view in context](https://hyp.is/f2H5RFpWEe2Zs_tsXhAzlA/economictimes.indiatimes.com/epaper/delhicapital/2022/nov/02/et-edit/faangs-wont-bite-forever/articleshow/95239752.cms) - Annotation: Assertion: Monopolists have a short lifespan > Today, we know the skyrocketing of FAANG prices — and immense wealth that was created — was a chimera driven by loose money, not a structural monopoly. — [view in context](https://hyp.is/jkEH6FpWEe2MPWNgtL2giQ/economictimes.indiatimes.com/epaper/delhicapital/2022/nov/02/et-edit/faangs-wont-bite-forever/articleshow/95239752.cms) - Annotation: Loose money hypotheses > TikTok has eaten Instagram for breakfast and YouTube for lunch. — [view in context](https://hyp.is/sHQczlpWEe2vI5MzeQ3e8A/economictimes.indiatimes.com/epaper/delhicapital/2022/nov/02/et-edit/faangs-wont-bite-forever/articleshow/95239752.cms) - Annotation: Errr….> Corporates can be very crooked. Many attempt anti-competitive tricks, which regulators must scotch. But breaking them up is rarely required. IBM’s supposed computer monopoly disappeared even while it was being prosecuted. The market will usually do the job. — [view in context](https://hyp.is/1C8WWlpWEe2fPSMfX2LLuQ/economictimes.indiatimes.com/epaper/delhicapital/2022/nov/02/et-edit/faangs-wont-bite-forever/articleshow/95239752.cms)