Today’s big powerful companies could become tomorrow’s also-rans, no government intervention required.
Twitter is changing ownership, following a purchase by Elon Musk, who has explicitly said he intends to reorient the company’s approach to online speech. Netflix, whose business model has long been predicated on sky’s-the-limit growth, is bleeding subscribers. CNN+, a massively expensive project from what was once a dominant force in TV news, is shutting down a month after its launch. Facebook is losing regular users and taking a huge financial hit because of changes in the mobile ad space. Google is no longer the world’s most popular website.
