Post #1178565
2026-04-03 17:08 UTC
>Amazon and Google and basically all of FAANG/MAMA beg to differ.
>But it was not a collapse of the industry.
I mean they don’t beg to differ at all and it absolutely collapsed. The result of which is the reason why FAANG as an acronym exists. FAANG is the resulting consolidation of the industry made possible by its widespread collapse.
Replies (1)
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@NuXCOM_90Percent@lemmy.zip 2026-04-03 17:19
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.