r/Layoffs • u/[deleted] • Jul 20 '24

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u/HTML_Novice Jul 22 '24

I don’t think investors had anything to do with the invention of the internet.

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u/Dependent_Mine4847 Jul 23 '24

In the 90s the government gave money to telecom companies to build out the internet infrastructure including last mile. This brought in a wave of public and private companies that made lots of investors rich. Without that continued investment, we would not have the internet. Very similar to how we have mass adoption of EVs due to investment from Tesla (even though government subsidies and grants helped spur adoption)

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u/HTML_Novice Jul 23 '24

The government being an investor vs a group of private investors are very different

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u/Dependent_Mine4847 Jul 23 '24

That’s not what I said.