"All these businesses saw their market shares disintegrate in the face of innovative new products and companies" that may have been true in the past: although IBM may have retained market dominance for several years, it did not buy up all the startups and potential competitors, something tech giants are doing daily at the moment. IBM may have been prevented from buying up all competitors by anti-monopoly rules which were still operating at the time, before being gutted by Republican administrations, but there is nothing to stop GAFA now. The majority of startups work very hard to bring their products to market, while waiting to be bought by one of the competitors, so that initial investors can reap their profits and move on to the next venture which, if successful, will be sold again
"All these businesses saw their market shares disintegrate in the face of innovative new products and companies" that may have been true in the past: although IBM may have retained market dominance for several years, it did not buy up all the startups and potential competitors, something tech giants are doing daily at the moment. IBM may have been prevented from buying up all competitors by anti-monopoly rules which were still operating at the time, before being gutted by Republican administrations, but there is nothing to stop GAFA now. The majority of startups work very hard to bring their products to market, while waiting to be bought by one of the competitors, so that initial investors can reap their profits and move on to the next venture which, if successful, will be sold again