Re: Neelie Kroes
"Uber used billions of Venture Capitalist dollars in a failed attempt to get an Amazon style monopoly on taxi services. They operate at a substantial loss charging fees that do not cover costs hoping to bankrupt existing services."
A page out of Walmart's play book. It's also a favorite of asian tigers looking to corner the market on something or lots of somethings. Magnets are an interesting case in point. They are ubiquitous and found in all sorts of products that you wouldn't even think of when they are mentioned. They also used to be made in the US, but strangely, they aren't anymore and a couple of the largest makers found it hard to compete with the magnets from a very large country and when they finally couldn't compete anymore, companies from that country bought the assets and whisked them out of the US so nobody else could come along and start a magnet business. For reference, ceramic magnets are pressed and sintered so they take very large presses and multi-stage drying processes that would be expensive to build from the ground up. It's not a glamorous business and unlikely to attract enough investment to make a go of it.
Biting the hand that feeds IT
