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BuccoCapital Bloke
@buccocapital
Tweeting about tech and gabagool
Joined May 2021
1.2K Following    191.7K Followers
There’s a long list of billionaires who literally became billionaires by building companies to such a massive scale that they are able to be the low cost provider of services. The literal entire purpose of the business is to lower your bill! You are familiar with the canonical examples. Bezos and Amazon. Walton and Walmart. Sinegal and CostCo. Shit. Rockefeller. Henry Ford. And then you have a whole class of billionaires who built digital platforms that took what used to be thousands and thousands in annual spend and bundled it into an unbelievably cheap subscription. Daniel Ek and Spotify. Reed Hastings and Netflix. Not to mention Google! That’s all free! IKEA! Zara! I could keep going. You get the idea and this point. Regardless of how you feel about the eventual concentration of wealth that comes from building these services, it is ignorant at best (I won’t discuss the worst) to claim that consumers never benefit
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