Let markets deliver the deathblow that red tape can't [Yahoo! Finance]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
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Source: Yahoo! Finance
Creative destruction. The non-stop churn of new startups out-thinking, outflanking and ousting ageing giants solves the issue naturally, and always has. It is a near-perfect self-regulatory feature. Pandering politicians globally claim tech's behemoths are too dominant, requiring the myriad regulatory crackdowns you see today. But they are wrong. Creative destruction – capitalism's lifeblood – naturally remedies hugeness. How? Hugeness creates vast profits. As firms become Goliaths, entrepreneurial Davids salivate – and pounce. Old, fattened hunters become the hunted. Innovators craftily overthrow ageing titans who become unable to adapt. It takes 10 or 20 years, rarely more. I have watched this eventuality play out for 50-plus years. Dominance isn't permanence. But still, the Treasury started targeting tech titans with the digital services tax in 2020, aiming to capture revenue tax “loopholes” that let these giants shift their revenue declarations elsewhere. Meanwhile, the
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GM
Earnings
- 10/22/24 - Beat
GM
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form 4
- GM's page on the SEC website