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Besides Google’s search I can’t think of any FAANG service/product that would be indispensable for the average Joe, being the only service that has no real comp
by samsonradu 9y ago
Besides Google’s search I can’t think of any FAANG service/product that would be indispensable for the average Joe, being the only service that has no real competition. For all the others, people would replace them relatively easy. Could you provide some examples?
People need Microsoft Windows to operate their businesses and do their jobs, Apple phones and Netflix subscriptions are much easier to replace.
- AndrewKemendo 9y agoI can’t think of any FAANG service/product that would be indispensable for the average Joe Hence Facebook's goal to move into fundamental infrastructure with both this company town plan and internet.org Same with Google Fiber etc... The ultimate goal for a tech company is to provide what utilities and public infrastructure cannot.
- bitumen 9y agoI want to agree with you, but realistically I think a lot of people have come to view Amazon at least, as pretty indispensable. Between their retail offerings, and AWS, they’re into a lot!
- samsonradu 9y agoMaybe I’m biased because I’m living in a country where Amazon has little to no presence and there are just other retailers to fill the gap, other delivery companies etc. so life goes on. I never heard anyone cry for Amazon to come to our rescue.
- fny 9y agoFor average joes today: - Facebook: Rolodex - Apple: Simple, low-hassle, powerful tech - Amazon: Supply chain, low prices, long-tail product discovery, stellar shopping experience supported by an tremendous economies of scale, compute, internet infrastructure - Google: Search, email, maps, productivity software, compute, internet infrastructure For as long as these companies remain dominant in these categories continue to provide value to customers, they will not be replaced. They continue to grow exponentially in major part because of the very real value they provide and the lack of viable competition from outside of these groups.