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by dosinga·2y ago·view on hn ↗
If the marginal cost of delivering your product is close to zero, markets will tend to monopoly. A search/ads company that has 10% of the market share that Google does (and no one gets even to that), has roughly the same costs but only 10% of the income (and only that if they are as good as Google is in making on money off search). On top of that, having access to the query stream is really important keeping search quality up.