the.com/tech industry
the business of moving humanity online, one terms-of-service agreement nobody reads at a time.
means the global sector building and selling software, hardware, and platforms, increasingly indistinguishable from the businesses it disrupts.
from grew out of postwar defense electronics and semiconductor research around stanford, crystallized as silicon valley in the 1970s, then went from selling machines to selling attention.
market weightapple alone once outvalued most national stock markets
favorite worddisruption, usually means someone else's job gone
real productoften you, packaged and sold to advertisers
office decorbeanbags correlate suspiciously with unpaid overtime
for instance
apple — first company to hit 3 trillion dollar valuation, 2022
dot-com bust — wiped out 5 trillion in market value, 2000-2002
y combinator — funded startups worth over 600 billion combined since 2005
foxconn — assembles most iphones, employs over 1 million workers in china