Sorry, but Facebook, Google, and Amazon still own the world
Also: A podcast conversation with Hodinkee founder Ben Clymer. And Sweetgreen’s first beer and wine list.
In my nearly 15 years covering the technology industry, I can’t recall a time when the sentiment narrative against big tech companies has been so negative. Talk of breaking up — or at least dumping — Facebook, Google, and Amazon will surely continue through next year’s US election cycle, if not indefinitely. And regulation could someday, maybe stifle growth.
But the latest numbers are in, and all three of those companies showed this week that whatever negativity is out there, it isn’t close to causing any of their core businesses to collapse, or even show visible signs of suffering.
Hi, I’m Dan Frommer and this is The New Consumer, a publication about how and why people spend their time and money.
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