I agree. Even though acquiring is a good strategy for Microsoft to an extent, it is also a problem to see continued consolidation. How can anyone hope to compete against these giants in the same product segments? They have unlimited cheap capital and the ability to integrate an acquired product into the rest of their products. Then there's the issue of intellectual property and continued building of patent war chests. If one of these companies copies your innovative feature, you will have no recourse to sue them because they'll be sitting on a mountain of random mundane patents. The fact that these companies can make $20B acquisitions itself feels broken from a healthy market perspective.