[gpxyz]

Genuinely curious: which centralized businesses existed in 8000 BCE?

[Nemo_bis]

I would bet that the first multinational organization to corner an intercontinental market was the apostolic church of Rome.

If https://en.wikipedia.org/wiki/Timeline_of_international_trad... is right, the necessary technology for international trade was not available before 4000 BCE (horse riding ~3700 BCE, long-distance sea travel ~2000 BCE).

[z2h-a6n]

And more to the point, what fraction of centralized businesses in the past 10,000 (or even 1,000, or even 100) years did not eventually fail?

[djbusby]

400 years:

https://en.m.wikipedia.org/wiki/Avedis_Zildjian_Company

https://www.muroji.com/en/

[roughly]

As the saying goes, the market can stay irrational longer than you can stay liquid - everything eventually falls, but Twitter's not on the long side of "eventually" here.