On this day in 2000: Palm's IPO values the company at $53 billion.

[mahatmakanejeeves]

This is why I laugh when people whine that the government must step in because Facebook and Twitter are "monopolies."

On this day in 2000: Palm’s IPO values the company at $53 billion.

Link to tweet

[unblock]

1. Monopolies should be able to do anything they want because a big company failed once?

[genxlib]

2. I think the point is more about technology

It changes so fast that the marketplace can shift in the blink of an eye.

I'm not saying I agree with it but there is something to the point.

I am much more interested in regulating what they can do with our information and the corrosive effect that they have on facts.

[unblock]

3. It's just a variety of the boring old argument that it all works out in the long run

But as Keynes said, in the long run we are all dead.

The short run matters, and companies should be required to play by the rules at all times, and the rules should protect fair competition, employees, customers, suppliers, innocent bystanders, etc.

If anything, this is an argument to dramatically speed up the pace of regulation and anti-trust enforcement and so on, to keep up with the pace of technology.

As for privacy, ugh. Yes there should be better and clearer opt-out / opt-in methods. In the end, I think businesses should be required to pay customers for access to that sort of information. But in the end, it just means those who want privacy will have to pay more for everything.

So eventually, people will just accept much less privacy. The next generation won't understand what is old folks are even complaining about LOL.

[hunter]

4. Nothing wrong with Palm. The biggest assholes won that game.

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