Going Up Against Big Monopolies
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 18 July 2023
⏱️ 11 minutes
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Summary
As an entrepreneur, you have to keep evolving your business for it to survive...
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | In my mind, I was like, Google's the biggest monopoly in the world. These guys own search. They've got YouTube. |
| 0:06.5 | Nope, they've got Android. Nobody's touching these guys. And then out of the blue, |
| 0:11.4 | chat GBT comes along and is a direct immediate threat. It's, it does what Google's supposed to do, |
| 0:17.9 | but better. And you're like, holy crap, these guys came out of nowhere. Then you see like things |
| 0:23.5 | like Facebook, which has been around for 15 years now. And they've constantly evolved. And they've |
| 0:29.1 | bought up threats like Instagram and they've copied Snapchat and TikTok. And they're constantly |
| 0:34.8 | innovating their product to make sure they're staying relevant. And then, you know, they switched |
| 0:39.8 | to meta because they make this big bet on the metaverse. And now, you know, that that bet didn't |
| 0:44.8 | look too hot. But then you see Apple now just released the Vision Pro. And they're going all in on |
| 0:50.2 | like this headset thing. And, and when you look at that, when you look at that, you say, |
| 0:57.9 | they're constantly evolving. What happens is you can modify a 68 Camaro as much as you want. |
| 1:10.7 | Eventually, the structure just doesn't be able to compete. You can't put a 68 Camaro on the |
| 1:16.4 | road with a with a SVJ Lamborghini. It gets outdated. Facebook has massive control. You can copy |
| 1:24.8 | TikTok. You can copy snap. But you can't keep innovating the way that they do. TikTok is crushing |
| 1:32.3 | them now. Yeah. And it's nothing you can do because it's too new with the technology in the |
| 1:38.4 | platform, which is built off of the database and the framework that TikTok has and where, |
| 1:43.4 | where it came from is too new. Facebook is too outdated. You're betting on the metaverse that |
| 1:50.8 | everything is going to go here. If that does not catch, you're in trouble. But TikTok can adapt |
| 1:58.2 | to the metaverse easily because they're more so they're a newer platform and the way that they're |
| 2:04.0 | built in structure for the audience. They have that younger demographic and that audience there |
| 2:09.3 | to where if they implement it, it makes more sense for TikTok. It makes more sense for |
| 2:14.1 | you look at Twitch. Where did Twitch come from? And now it's like, these things are taken over |
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