RE: Web 3.0 To Counter The Control Of Private Equity
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How is every industry consolidating. Take media, for example, that is going in the exact opposite direction. And that is a powerful mechanism because it is the communication arm of the government.
While the major players are joining forces, the industry is fragmenting like we never saw before. This is making it impossible for them to compete, as evidenced by their recent numbers.
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There are very few sources of reporting. Reuters and AP are the two big ones. Pretty much everyone else just riffs off their articles.
Between Blackrock and Berkshire Hathaway, most publicly traded companies are owned by very few people. In my own industry, fuel, the fuel depots I pull from are all getting bought up by one company. Used to be three different companies owned the five depots I pull from. Now one company owns four and there is one rebel holdout that still owns the one.