Quote of the day by Palantir co-founder Peter Thiel: 'Anyone that has a monopoly will pretend that they're in incredible competition' exposing how tech titans bend the market in their favour

Date:
Sat, 22 Aug 2026 22:00:00 +0000

Description:
Plenty of massive technology companies have come under fire in the last few years for antitrust violations

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter The size and scope of the world's biggest technology companies seem beyond anything we could have imagined in the distant past. Companies like Microsoft , Meta, and Google are described by many as monopolies in particular sectors and have landed themselves in trouble with the law over it. "Anyone that has a monopoly will pretend that they're in incredible competition... If the monopolists pretend not to have monopolies and the non-monopolists pretend to have monopolies,
the apparent difference is very small." Peter Thiel, September 2014 Do not pass GO Writing in his book 'Zero to One', Palantir and PayPal co-founder Peter Thiel commented on the lengths that monopolies would go to hide their absolute control over a particular market segment. Quote of the day This article is part of TechRadar Pro's QOTD project to provide an insight into
the minds of the brightest and most recognized figures in the technology industry today and in years gone by. Read the full series here . His book aimed to outline a formula for building the companies of the future and monopolizing new markets instead of simply fighting in existing ones. To
avoid the legal, regulatory, and general backlash that would come from embracing a company's dominance in a sector, he argued that they should instead try to hide their power. Latest Videos From TechRadar Watch full
video here:

Thiel's experience in tech and business extends over several decades, with PayPal among the first startup companies he had a hand in creating. He was also an early investor in Facebook. Big tech, big fines The playbook that Thiel outlined is one that we've seen all too often play out in real-time in the last few years, especially considering the market activities of some of the biggest tech companies on the planet. You may like Quote of the day by PayPal co-founder Peter Thiel: 'I no longer believe that freedom and
democracy are compatible' a foundational thesis of the new tech elite Quote of the day by Netscape co-founder Marc Andreessen: "Software is eating the world" Quote of the day by Steve Jobs: "The only problem with Microsoft is they just have no taste"

Despite all their attempts to hide monopolistic practices, making arguments that they do indeed compete with other businesses in different spaces,
they've often been found out by both US and EU regulators over violations of competition and antitrust law.

Companies that have previously been investigated or fined include Alphabet, Apple , Meta, Microsoft and Amazon , among others. The largest antitrust fine was paid by Google in 2018 to the tune of 4.13 billion by the European Commission over forcing smartphone manufacturers to pre-install Google Search and Chrome on its Android operating system . Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Contact me
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Link to news story: https://www.techradar.com/pro/quote-of-the-day-by-palantir-co-founder-peter-th iel-anyone-that-has-a-monopoly-will-pretend-that-theyre-in-incredible-competit ion-exposing-how-tech-titans-bend-the-market-in-their-favour


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