Amazon $AMZN+0.6% will expand its mobile phone offerings for Prime members.
Apple $AAPL+0.0% will offer high-yield savings accounts.
JP Morgan $JPM+1.2% now controls more than 15% of US bank deposits.
Google $GOOG+1.1% now controls more than 90% of global search traffic.
Meta $META-0.3% just announced that it has 3 billion active users across all of its platforms.
A few companies now control almost everything we use. Is this good or bad?
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I guess it depends, what's "crumb"? At least for me it's wrong that there is an unassailable monopoly in every segment...
It depends. It definitely has some drawbacks, but I think Apple does it well and you can keep your privacy and personality with them.
I don't have a good feeling about it, but from an investment point of view I think it's good.
I wouldn't say it's wrong. If it were, we could have been asking that question for years, just replacing the products and services of these giants. On the contrary, it's a step forward, if they want to dominate in the future, they mustn't be stuck with the same offerings.
Fortunately, I am invested in all of the above and $MSFT-0.2%. 😁 If it's wrong, well it can be scary, but it always has been and always will be that there are simply "powers" or there are rich companies that could buy entire countries if I say it wrong. But it is good that there are more of them and they have competition with each other at least to see who will be the richest or what kind of reach, influence they have.
And $MSFT-0.2% now dominates the AI market thanks to OpenAI 😁
But I don't think there's anything wrong with that in general.
Just buy $AAPL+0.0% and you'll be ok 😂