Because Facebook is so entrenched in what they offer that Google tried and couldn’t put a dent into them.
These companies are doing everything they can at all time to prevent being unseated.
I was talking with the CEO of a super popular clothing brand about 10 years ago. He knew completely that brands have a life span and you can’t stop every competitor or changing interests. This is baked into the model. You can now get these cloths at Walmart, part of the lifecycle.
Tech companies have figured out a way to extend the “hot” duration of their brands. You literally can’t get at them until they are on the down slope.
> Because Facebook is so entrenched in what they offer that Google tried and couldn’t put a dent into them.
I'd say it's because Google was so inept at trying to do so, the way TikTok wasn't.
Also I wonder why such brands like Nintendo, Mitsubishi, General Electric, Ford Motors, Philips, Siemens, etc all exist for a century or more, and likely will for another century. What kind of secret have these tech bros discovered?
Google failed to build a social network where enough people would willingly leave enough personal data for selling, even though initially the Plus had some high-caliber users to follow.
So they have to make do with GMail, that lacks the network effect of social media.
Because Facebook is so entrenched in what they offer that Google tried and couldn’t put a dent into them.
These companies are doing everything they can at all time to prevent being unseated.
I was talking with the CEO of a super popular clothing brand about 10 years ago. He knew completely that brands have a life span and you can’t stop every competitor or changing interests. This is baked into the model. You can now get these cloths at Walmart, part of the lifecycle.
Tech companies have figured out a way to extend the “hot” duration of their brands. You literally can’t get at them until they are on the down slope.