[outsideline]

It's cyclical. Warren buffet classically highlighted the nature of the cycle some time ago : - The innovator, the imitator, and the idiot..

"At one point, his interviewer asked the question that is on all our minds: “Should wise people have known better?” Of course, they should have, Buffett replied, but there’s a “natural progression” to how good new ideas go wrong. He called this progression the “three I’s.” First come the innovators, who see opportunities that others don’t. Then come the imitators, who copy what the innovators have done. And then come the idiots, whose avarice undoes the very innovations they are trying to use to get rich."

Source : https://hbr.org/2008/10/wisdom-of-warren-buffet-on-imi

Cloud computing, big data, social media, and most of tech is in a prolonged idiot phase. A new paradigm will be ushered in and the cycle will begin again. Any more detail just highlights or attempts to justify the idiocy.