Tech monopolies tend not to fall like Rome. They fall like Venice. They’re still there, and no-one actually invades them, but the trade routes moved, the things that gave them power and wealth stop mattering, and they become just another city, and then a backwater.
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On a far less important note, I think my next company will start with the letter 'A'. Odds of market dominance seem to greatly improve. Thought that was only when the phonebook = search. hmmm
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A: the scarlet letter. There is a reason why Microsoft is number 1. I grew up with Microsoft Encarta and their dictionary. I even discovered The Scarlet Letter there. Memories. Little did I know, the day would come when everyone is afraid of Macedonian teenagers.
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that’s a v good point. IBM and Microsoft are v different. I’m always v impressed by S. Nadella‘s work.
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Look at IBM's share price in the years after 1995. A good business doing well for shareholders is not AT ALL the same as market dominance. Control of the PC has been irrelevant for a decade. Arguably two decades.
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These companies go from having a scary chokehold on food supplies to yet another large food supplier. Controllers to commodity producers. They're still big but ultimately inconsequential.
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IBM is an obvious example, but I'm pretty sure Oracle is about to go down this route.
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