2 ms·
I could see that. There's been a transformation in top 10 companies in the last 20 years. They used to be consumer packaged goods and energy companies, and now
by ttunguz 5y ago
I could see that. There's been a transformation in top 10 companies in the last 20 years. They used to be consumer packaged goods and energy companies, and now they are technology companies.
Speaking of somebody who's very much pro technology, I think technology has improved the lives of billions of people, reduced information asymmetries, reduce the cost of goods and services, and provided more democratic access to lots of things, but there are some negatives.
Fwiw, all of information technology comprises about 10% of the US economy
- redband 5y agoThe rise and success of many of today's tech giants has simply created a fertile environment of mature technologies that a future class of deep tech companies replacing them will use. Value is cyclical, the worth of FAANG and their ilk will pass.