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Is it just me or does it feel like a lot of Big Tech empires are immovable? There are no winner takes all markets now. Massive incumbents are not replaced by an
by _1tem 2y ago
Is it just me or does it feel like a lot of Big Tech empires are immovable? There are no winner takes all markets now. Massive incumbents are not replaced by another even more massive startup that gobbles up the market, but rather a collection of specialized alternatives. So Google is not being replaced, but is slowly losing bits and pieces to ChatGPT, Kagi, Perplexity, and others. Facebook/X lose a little to BlueSky, Mastodon, Threads and Telegram. Netflix by a dozen streamers. Etc. The age of massive upheavals is over? I can’t remember a single Big Tech company that went under completely in the last decade, just slowly became “not the only one”.
- Nasrudith 2y agoIt went on for far longer than the last decade. The thing is that it takes a long time for a very big company of any sort to die, so it can zombie along for years. Even when private equity notorious is pretty much trying to kill the company.