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Haha sounds like you're just getting old ;) I think we are seeing a crop of the old companies going through the Large Corporation Lifecycles. They're well past
by scottyah 6mo ago
Haha sounds like you're just getting old ;)
I think we are seeing a crop of the old companies going through the Large Corporation Lifecycles. They're well past founder-run stage, and it's a hard transition. If profitability declines, they spiral fast when they are traded as Growth companies- even their talent pool requires stocks going up otherwise how many good, smart people stick around when they're getting an effective demotion quarter after quarter, year after year. I look at companies like GE and Sears and see how hard it is to survive one or two "generations" of leadership change.
I still think these megacorps you reference aren't going full on Evil, but are just struggling to keep momentum (and trying everything they can to keep it). Youtube allows anyone to upload the most data and compute media forms in massive quantities for FREE. That's insane to me. On top of that, there are thousands of new companies being formed with people still trying to make the world a better place.