IMHO the real culprit is the monopolistic nature of the tech industry. Roughly, the companies are all mono/duopolies or trying to get there. It's all Golden G

IMHO the real culprit is the monopolistic nature of the tech industry. Roughly, the companies are all mono/duopolies or trying to get there. It's all Golden Gooses and everyone is doing anything and everything they can to get/keep theirs. For companies like FAANGs it's no problem to waste 95 out of every 100 million they spend because that one team that hits on something might increase the market cap by half a billion. The scale is lower for smaller companies but the math is essentially the same. And once you accept waste as an acceptable cost of doing business it explodes. Because it's very hard to tell the difference between a reasonable idea that didn't work and one that never had any shot or was poorly executed.