The rules of the tech game are changing
A new phase in the global tech contest is under way. "The gale of creative destruction used to blow hard in Silicon Valley. The list of firms toppled from dominance runs from Fairchild Semiconductor to Hewlett-Packard. Yet recently the giants have clung on: Apple and Microsoft are over 40 years old and Alphabet and Amazon over 20; even Facebook is 17 this month. What happened? Network and scale effects mean that size begets size, while data can act as a barrier to entry. Search, social media, advertising, e-commerce, streaming, ride-hailing, delivery and payments all exhibit these alchemical properties to some degree. Having achieved supremacy in their chosen area, many tech firms, especially the big ones, have shown little appetite to compete directly with each other in the past decade."
From The Economist