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LVMH doesn't want a 30% cut of everything you put in your handbag.

A 900% markup on their $2 bag seems unfair.

LVMH is their biggest company. Got to hit 'em where it hurts.

> LVMH is their biggest company. Got to hit 'em where it hurts.

It only hurts a French billionaire. I doubt many Europeans give a solitary shit about the fortunes of LVMH.

Is that even close to a tit for tat? How many people would be upset because they couldn't have some "high end" bag vs how many would be upset about not having a mobile device?

Like what? There's thousands of luxury bag and clothes manufacturers, it's not like you don't have a choice to shop somewhere else.

Just a nitpik: LVHM does not produce only had bags and clothes.

Yeah sure I'm simplifying a lot but the point still stands, for each category they are selling, they have thousands of competitors. I can't say the same on the Apple / Google duopoly.