> The most important ones are that big tech firms got big and stay big, not because of network effects or political power, but because of their rare expertise; and that they cannot keep their advantage in expertise forever.
The tech giants are not only good at whatever they're doing but are also capable of refreshing their expertise every 5 years or so, or even reinventing themselves as necessary. Neither Google nor Facebook are the same companies as they were 15 years ago.
I worry that like some of the major [evil] banks that survived world wars and major crises, the tech giants aren't going away, and neither will it be easy to compete with them.
The tech giants are not only good at whatever they're doing but are also capable of refreshing their expertise every 5 years or so, or even reinventing themselves as necessary. Neither Google nor Facebook are the same companies as they were 15 years ago.
I worry that like some of the major [evil] banks that survived world wars and major crises, the tech giants aren't going away, and neither will it be easy to compete with them.