Episode 110: Is Facebook a Monopoly?
Words & Numbers
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The Importance of Market Share
A business that attains monopoly status will remain a monopoly only so long as it continues to provide what people want. In each of these firms, overtime has been supplanted. People have this remarkable ability to look at what happened in the past and understand that there's an ebb and float of these sorts of things. And really nobody achieves dominance for very long.
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