Gentle Christian Mothers Community - View Single Post - Millennial Monopoly. . . not sure if this belongs in IF?

Quote:

Originally Posted by domesticzookeeper

and their web services owns a 34% of all cloud space (three times more than the next largest provider, Microsoft, which owns 11%). Amazon retail services barely operate in the black, and frequently operate at a LOSS, because their web services can carry the company while their low retail prices can influence the competition in the long run

It's a great business ploy but it's still a house of cards. All it will take is for a competitor or two to undercut them in cloud services. Not my cup of tea but someone will do it eventually.

The old monopolies are crumbling (except the ones the federal government bails out) and the new ones are emerging. Amazon will crumble one day, too.

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