{"id":34305,"date":"2021-11-29T16:52:58","date_gmt":"2021-11-29T21:52:58","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=34305"},"modified":"2022-01-05T16:09:27","modified_gmt":"2022-01-05T21:09:27","slug":"tech-giants","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2021\/11\/29\/tech-giants\/","title":{"rendered":"Tech Giants"},"content":{"rendered":"

Ben Lovejoy<\/a>:<\/p>\n

\n

The breaking up of a bunch of old-school industrial conglomerates is leading some to question the very long-term prospects of the “new conglomerates” – tech giants like Apple, Amazon, Facebook, and Google.<\/p>\n

But a piece in the WSJ<\/a> argues that they have two advantages over companies like General Electric, which could see them last even longer …<\/p>\n

[…]<\/p>\n

The dismantling of General Electric, Toshiba, Johnson & Johnson, Siemens, DowDuPont, United Technologies and other sprawling business empires in recent years has been heralded as the end of the conglomerate and the demise of the idea that brilliant management teams can succeed operating in very different industries. But just as those giants of traditional industry are being dismembered, today’s tech giants have arisen as latter-day conglomerates—what some even call “neo-conglomerates.” They boast valuations bigger than any other companies in history, and have diversified their businesses through acquisitions and new starts just like conglomerates of old[…]<\/p><\/blockquote>\n<\/blockquote>\n

Who can say when technology changes so quickly, but the new giants arguably have more lock-in and are quasi monopolies\/duolopies.<\/p>\n\n

Romeen Sheth<\/a>:<\/p>\n

\n

Check out the difference between the world’s largest companies in 2005 and 2021.<\/p>\n<\/blockquote>\n\n

Update (2022-01-05): Hacker News<\/a>:<\/p>\n

\n

Which FAANG is the most likely to decline in the years ahead?<\/p>\n<\/blockquote>\n

The overwhelming choice is Facebook, followed by Netflix.<\/p>","protected":false},"excerpt":{"rendered":"

Ben Lovejoy: The breaking up of a bunch of old-school industrial conglomerates is leading some to question the very long-term prospects of the “new conglomerates” – tech giants like Apple, Amazon, Facebook, and Google. But a piece in the WSJ argues that they have two advantages over companies like General Electric, which could see them […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2021-11-29T21:53:06Z","apple_news_api_id":"515e8be2-3950-416a-97dc-a4af204311e7","apple_news_api_modified_at":"2022-01-05T21:09:30Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AUV6L4jlQQWqX3KSvIEMR5w","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[2],"tags":[19,2085,38,101,25,1195,51,37,1894,1295],"class_list":["post-34305","post","type-post","status-publish","format-standard","hentry","category-technology","tag-amazon","tag-antitrust","tag-apple","tag-business","tag-facebook","tag-financial","tag-google","tag-microsoft","tag-nvidia","tag-tesla"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/34305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/comments?post=34305"}],"version-history":[{"count":2,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/34305\/revisions"}],"predecessor-version":[{"id":34631,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/34305\/revisions\/34631"}],"wp:attachment":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/media?parent=34305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/categories?post=34305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/tags?post=34305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}