51 min listen
Big Tech Is Dead! ☠
ratings:
Length:
55 minutes
Released:
May 10, 2022
Format:
Podcast episode
Description
? https://divergence2022.comIn this week’s episode, Aaron and I return to the “scandalous” claim I made a few months back -- perhaps the biggest of my career. That’s saying a lot, because I make bold claims all the time. But among my biggest, boldest, wildest of all time is that Big Tech is dead.At the time, folks thought I was a bit nuts. But this year, we’re seeing this come to fruition.Over the past few weeks, there have been some massive declines across Big Tech stocks. One of the most massive was a 71% drop in Netflix (NFLX) stock. Many think my rationale for believing Big Tech is dead hinges on government regulation or consumers boycotting platforms over censorship.But my rationale for claiming Big Tech is dead is neither of those. Rather, it’s much more fundamental in nature.Big Tech is dead because of competition.We’re 10-plus years into these exponential growth industries, and formidable competitors are catching up. The playing fields in the industries that Big Tech have dominated are evening out. As they are, Big Tech is losing its edge.Bottom line: There’s a changing of the guard taking place, and it’s time to jump into small-cap tech stocks.?Timestamps?0:00:00 - Intro0:02:20 - Big Tech Is Dead0:16:18 - Divergence 20220:22:43 - Our XR Future0:31:39 - Stock Market Today0:39:08 - The Crypto Correlation0:41:34 - Fan Questions!?Join Luke's Free Newsletter: https://signup.investorplace.com/?cid=MKT502688&eid=MKT612161? Subscribe: https://www.youtube.com/c/HypergrowthInvesting?sub_confirmation=1#BigTech #NFLX #FB #smallcapstocks #investing #stocks
Released:
May 10, 2022
Format:
Podcast episode
Titles in the series (65)
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