Earlier quoted context omitted.
AT&T: 15B$ net income, world largest telecom company. #13.0n Fortune 500. GE, while a reasonable example of a company that declined severely from its peak, was still generating 9B$ in income on 2023 before being split in better focused and profitable successors. AOL/Yahoo were never dominant in a mature market. They were early to the Internet, but this was an uncharacteristically volatile time with an exponentially g…
Are you really doing this? AT&T: today is not AT&T. The name was bought. It used to be Cingular. GE: so your point is that it is a good example. AOL/Yahoo: A 'mature market'? Are you making up rules so you can disqualify them? Sony today only innovates in image sensors. They are a financial and entertainment company. Who cares if they sell the most 'premium TVs', this is the company created (off the top of my head) B…
So no, not changing the rules, but maybe clarifying the point. Situations such as the rise of the internet in the late 90s and early 2000s are the anomaly, not the rule.
Operating Systems and Internet search are roughly the same they were ten years ago. 3d accelerator cards changed immensely in the years when 3dfx failed. Microsoft and Google are not in businesses where younger agile companies that read the changing tides better can quickly supplant them.
And that's why they get a thousand chances to turn things around while printing money with their "death spiralling" business.