GoogleGOOGL+119.2% over 1yr 9mo
Chamath predicts a forced structural remedy for Google is likely because technology innovation cycles have become too elongated, preventing creative destruction from naturally constraining these companies, making them obvious political targets.
Unfortunately, not what Friedberg just said. It'll be the opposite. There'll be some form of forced remedy... the technology innovation cycle has gotten too elongated. So you're not seeing creative destruction be the natural force that” ⚑
Sacks argues a Google breakup would likely be good for shareholders, as the company should probably be split into three separate entities, though he acknowledges the irony that this action comes precisely as Google faces its greatest existential threat from OpenAI.
But it is true that Google is facing the most existential threat to its search monopoly, and it is a monopoly, in the form of OpenAI at this point in time.” ⚑
Friedberg argues that breaking up Google would destroy the R&D benefits that large companies uniquely provide (DeepMind, Waymo), and that antitrust remedies should target specific monopolistic behaviors rather than company size itself.
I don't think that these big companies are bad just because they're big. I think we should take apart the monopolistic antitrust actions and behaviors that they take, and then identify ways to remedy those behaviors versus just saying” ⚑