Friedberg argues massive corporate scale and profits are required for ambitious R&D
David Friedberg · E6: Big Tech antitrust aftermath, potential effects of an M&A clampdown on Silicon Valley & more · Jul 31, 2020 · at 1:11:57
David Friedberg, investor and All-In co-host, defends large tech company scale against calls for antitrust breakups, citing massive projects like satellite networks and autonomous vehicles.
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“By having scale, by having incredible profits, by, and then by reinvesting it in R&D, creating jobs, innovating, it's the only way this kind of stuff is going to get done. You're not going to get it done by breaking up these companies and having a hundred companies that only have ten million dollars of profit each, and then each of them are, you know, no one at all can afford to do these grand, important projects that, ah, that move markets forward.”
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