[returnzero]

With companies the size of the FAANGs they appear to struggle with change and being dynamic. A lot of the time they purchase existing companies/tech in the direction they want to steer towards.

I would argue that while Facebook/Meta has been more of a gradual evolution Netflix has shown that it can transition to a whole new way of working within its domain. They revolutionised DVD rentals by combining a web UI with efficient warehousing and logistics. When they saw that infrastructure was getting close to making streaming viable they pivoted to digital delivery and not only did it allow them to keep their existing customer base who would have eventually moved away from DVD rentals on their own, but it also brought in other international markets where DVD rentals never would have worked.

I think I agree that Facebook/Meta will decline without disappearing in much the same way that IBM has. They will acquire new businesses and sell off old ones without really being seen as particularly innovative. Netflix on the other hand I think will stick around but will likely change into more of a content producer rather than a distributor like it has been. Beyond that, who knows?