Yeah. This article is repeating the classic rationale established companies use coming into each downturn: Growth is over forever, so let's burn the seed corn.
Fast forward a few years, and a crop of startups (that innovated while the incumbents belt-tightened) blindside previously unassailable monopolies.
I find it kind of ironic that they use Facebook and Google as examples in the article.
Remember when FB bought the Sun campus, stripped it to concrete walls, and grafitti'ed the hell out of it? Google HQ is the fossilized remains of the SGI campus.
The big question now is: Who is going to dethrone the current rudderless big tech companies, and how will they do it?
Fast forward a few years, and a crop of startups (that innovated while the incumbents belt-tightened) blindside previously unassailable monopolies.
I find it kind of ironic that they use Facebook and Google as examples in the article.
Remember when FB bought the Sun campus, stripped it to concrete walls, and grafitti'ed the hell out of it? Google HQ is the fossilized remains of the SGI campus.
The big question now is: Who is going to dethrone the current rudderless big tech companies, and how will they do it?