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by philwelch 889 days ago
For various reasons that are beside the point right now, most companies will degrade over time into a boring standard corporation. What was different about tech was that there were so many young companies that simply hadn't had the time to degrade. Whenever a company got old and shitty enough, it died and got replaced with newer companies.

For whatever reason that stopped happening. Google was founded in 1998 and went IPO in 2004. Facebook was founded in 2004 and had a billion MAU by 2012. It's 2024; we should have had an equally big success by now.