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Amazon, Apple (3T MCAP!), and Google for all their faults and frustrations are highly diversified and incredibly wealthy to stagnate themselves into a decline.
by itisit 5y ago
Amazon, Apple (3T MCAP!), and Google for all their faults and frustrations are highly diversified and incredibly wealthy to stagnate themselves into a decline. And I'd argue they each have the collective brainpower to know the criticality of innovation to a company's survival.
"Teenage users of the Facebook app in the US had declined by 13 percent since 2019 and were projected to drop 45 percent over the next two years, driving an overall decline in daily users in the company’s most lucrative ad market."[0]
Sounds pretty dire to me. Dire enough to prompt the rebranding and pivot into Meta. They'd be my first choice. Netflix, 2nd, is just content (with some great tech under the hood), but just content paid for by a monthly subscription.
[0] https://www.theverge.com/22743744/facebook-teen-usage-decline-frances-haugen-leaks https://www.theverge.com/22743744/facebook-teen-usage-declin...