[npalli]

Only Apple had the phone, Google's phone is mostly for pushing innovation (not sales) and Meta doesn't have a phone or OS. In the final analysis, most of the value went to these guys not the hundreds/thousands of startups that got started on mobile. Whatever these startups did, these guys copied or bought and drove most of the value post-acquisition (ex. Insta/Meta). Uber is probably the biggest and it only just crossed $150B recently.

[smartbear]

What about Uber, Lyft, Instacart, and the many other companies that (arguably) were only possible because of smart phones?

[npalli]

Three different people are telling you that the majority of value accrued to the ones listed. Insta and Lyft are both under $10B while the other three got into trillions of dollars post mobile.