Ben Buchanan
Ben Buchanan

@01Core_Ben

5 Tweets Oct 26, 2022
This will be an ongoing thread listing synthetic monopolies (SMs) and their market share, ordered initially by average market cap of the SM:
Computer operating systems:
$MSFT: 76%
$AAPL: 15.3%
Total: 91.3%
Mobile operating systems:
$GOOG: 71.6%
$AAPL: 27.8%
Total: 99.4%
Productivity suites:
$MSFT Office 365: 65%
$GOOG Workspace: 19.2%
Total: 84.2%
Clouse base-layer:
$AMZN AWS: 50.8%
$MSFT Azure: 33.8%
$GOOG GCP: 15.4%
Total: 100%
Digital advertising
$GOOG: 50.5%
$META: 25.2%
$AMZN: 8.2%
$MSFT: 2.7%
$AAPL: 1.1%
Total: 87.7%
Leading-node semiconductor fabs:
$TSM: 100% (others including IDMs like $INTC cannot make leading-node chips at the moment)
Home Improvement:
$HD: 19%
$LOW: 12%
Total: 31%
Tobacco:
$PM
$MO
$BTI
Market share is wonky due to geographies, but these are definitely an SM
Payments:
$V
$MA
Was tricky figuring out market share here, if anyone knows pls respond and I'll update this tweet.
Railroads:
$BRK (BNSF): 25.5%
$UNP: 23.9%
$CNI: 15.9%
$CSX: 13.7%
$NSC: 12.2%
$CP: 8.8%
Total: 100%
Ratings agencies:
$MCO: 34%
$SPGI: 49%
Total: 83%
Trash:
$WM: 29%
$RSG: 19%
$WCN: 9%
Total: 57%
Semiconductor equipment:
$AMAT: 14.9%
$ASML: 12.1%
$LRCX: 11.2%
$KLAC: 6.0%
TBF this is misleading, ASML has 100% of EUV market, KLAC, LRCX and AMAT each have products that have 50%+ share, this is their rev/total semi-cap spend

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