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I don't understand the argument that the tech industry is becoming mature and is just being propped up by foreign investment. Right now 3 of the 5 biggest tech
by Alex3917 7y ago
I don't understand the argument that the tech industry is becoming mature and is just being propped up by foreign investment. Right now 3 of the 5 biggest tech companies are basically: high school yearbooks, blockbuster, and taxis.
Do we really think these are the most valuable industries in the world, and not just the things that happened to be easy to make with the tech that existed 10 - 20 years ago?
- empath75 7y agoFacebook is a nearly omniscient surveillance system, not a yearbook.
- rhacker 7y agoWell unfortunately yes those are some of the most valuable industries in the world - it's way beyond yearbooks - it is the potential of replacing ALL communication to people you know. It's not just blockbuster's killer but potentially a company that will own/control the distribution of all entertainment. and the last one isn't just taxis but the potential to be (with sound competition) a possible future replacement of car ownership altogether. I'm not saying they have a great chance of making it that far, but yes, that's why people invest in them.
- mdorazio 7y ago"High school yearbooks" is really "social engagement", "blockbuster" is really "film and television distribution", and "taxis" is really "personal transportation". Each of those industries is absolutely massive, so the dominant player in each industry, regardless of technology or decade, is going to be a financial juggernaut.