I totally agree with this article. Companies like Amazon and Google are ruining innovation and stifling competition. If they are going to compete in many markets at a loss, it prevents many other companies from entering the space because they can't compete and make a profit.
I still don't understand the fascination with market share. Market share without profit is meaningless. The theory with Amazon is eventually they'll be able to bring some of that massive top-line to the bottom, but can they really? Are customers loyal to Amazon or the price? If they try to get more margin will they keep the business or have they just trained their customers to expect the service and goods at a discounted price and wait until they get it?
It's about time Wall Street and bloggers start rewarding companies that make money and are growing longterm sustainable business models, instead of focusing on market share and number of non-paying customers a company acquires.