It collapsed into… 4 or 5 of the most powerful companies in human history.
And that is the thing to understand. These bubbles are less about widespread collapse and more about consolidation. And it tends to be the smaller companies that suffer, not the biggies who were driving much of it to begin with.
It collapsed into… 4 or 5 of the most powerful companies in human history.
And that is the thing to understand. These bubbles are less about widespread collapse and more about consolidation. And it tends to be the smaller companies that suffer, not the biggies who were driving much of it to begin with.
You’re just describing bubbles. That a few survived is not the strong point you think it is.