Plenty of new companies have popped up over the past two decades, but every single time, if they make any progress on anything that might someday make money, a mega-corp will throw $300 million at them and competition solved!

It's hard to be angry at the company for selling out, because the way capitalism works is all the money goes to the individuals who are able to effect the decision, so they get life changing amounts of money even though everyone else gets pennies, if that.

But it should be clear how detrimental this system is to a functioning and competitive market.