On: The disruption con: why big tech’s favourite buzzword is nonsense

[wombatmobile]

I didn't really understand what TFA was saying except when it said that catching an Uber is a pretty similar experience to catching a taxi. I get that.

So, if the main point of TFA is that "disruption" isn't very disruptive, then what are you saying? Could you illustrate with an example?

[lowdose → wombatmobile]

Last year FAANG created 98% of the S&P500 return. This means that the other 495 incumbents made a lost and are being disrupted.

Facebook > Users > Content > Advertisers

Apple > Developers > Apps > iPhones

Amazon > Sellers > Products > Buyers

Netflix > Creators > Video Content > Customers

Google > Websites > Webpages > Advertisers

[Bishop_ → lowdose]

Do you have a citation for that? That doesn't seem like a good thing long term that 98% of gains are in one "industry"

[capnorange → Bishop_]

this is not really one "industry", tech is just an enabler here. The only difference is what was once physical is now digital.