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The Rot-Com Bust
Jun 7, 2024
Tech expert Ed Zitron discusses the downfall of tech's growth era and the importance of empowering builders in Silicon Valley. The podcast dives into the struggles of the tech industry post-2019, critiquing the obsession with hype over practicality, and the deceptive practices of industry giants like Microsoft. It calls for a shift towards genuine innovation and sustainability in tech development.
41:55
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Quick takeaways
- Tech industry faces a crisis shifting from hyper-growth to stagnant markets with unfulfilled promises.
- Emerging tech concepts like NFTs and metaverse struggle to deliver practical value over future potentials.
Deep dives
Tech Industry's Shift from Hyper-Growth Era
The podcast discusses the tech industry's transition from a hyper-growth era characterized by massive markets and easy returns to a current state of desperation and unfulfilled promises. Previously, tech enjoyed conquering multi-trillion-dollar markets like cloud storage and streaming services, but now struggles with the lack of new substantial markets. Prominent ideas like NFTs, cryptocurrency, metaverse, and generative AI appear more as premature movements with unmet promises rather than solving actual problems.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode