This was an era where many huge companies had emerged and the public had begun to view such concerns as enemies, fostering the increasing use of antitrust legislation to combat the price-fixing combinations they had formed.
I agree with the "some stocks will go up a lot and some will go down a lot." I would say that the pace is likely going to be slow (before it gets fast). The reason why is I agree that AI is in its early-innings, and it tends to always work that way. It doesn't do much in the beginning—and incumbents might even benefit from the technology... before it sweeps over them.
If you look at how the Internet actually affected many companies, Google, Amazon, and the like only grew up after the DotCom bubble. It wasn't like the skeleton of what they became wasn't already existent. However, it takes time for models to be figured out (for Google to realize they could monetize ads in the way they did, or Amazon to spread out into every category and get Prime), and the current breed of AI companies haven't gotten there yet.
Commensurately, a lot of the newspapers were actually first thrilled that now they could, "get subscribers anywhere in the world." That was the view, at least before Google, Facebook, etc. came and essentially sucked their ad income stream dry. For streaming, it's taken a LONG time for the traditional broadcast companies to start dying and fighting with Netflix (and Prime) to move themselves into the new model (with only Disney and Disney+ likely surviving the transition).
helpful perspective.
I agree with the "some stocks will go up a lot and some will go down a lot." I would say that the pace is likely going to be slow (before it gets fast). The reason why is I agree that AI is in its early-innings, and it tends to always work that way. It doesn't do much in the beginning—and incumbents might even benefit from the technology... before it sweeps over them.
If you look at how the Internet actually affected many companies, Google, Amazon, and the like only grew up after the DotCom bubble. It wasn't like the skeleton of what they became wasn't already existent. However, it takes time for models to be figured out (for Google to realize they could monetize ads in the way they did, or Amazon to spread out into every category and get Prime), and the current breed of AI companies haven't gotten there yet.
Commensurately, a lot of the newspapers were actually first thrilled that now they could, "get subscribers anywhere in the world." That was the view, at least before Google, Facebook, etc. came and essentially sucked their ad income stream dry. For streaming, it's taken a LONG time for the traditional broadcast companies to start dying and fighting with Netflix (and Prime) to move themselves into the new model (with only Disney and Disney+ likely surviving the transition).
Interesting thanks. Canuck here, hard to position for T-2.