This is an I-Heart podcast.

Guaranteed Human

Quarzo Media

Hello and welcome to Better Offline.

I'm your host, Ed Zittron.

Last episode, I posited that everything weird and bad you're seeing in the tech industry right now could be attributed to the death of its hypergrowth era. You see, up until around 2019, tech

experience this epoch where there were these obvious giant multi-trillion

dollar markets to conquer.

Things like Software as a Service, cloud storage, streaming audio and video, things like

that, along with billions of people that were getting online every single year.

Yet now they face another problem.

That only 100 million new people got online between

2022 and 233, and the traffic that they're sending to the majority of the internet's top 100

internet properties has entered this prolonged, agonizing period of decline. And worse still,

they don't appear to be any new multi-tillion markets left to grow into.

This led to a profound period of desperation in tech.

The tech industry got high on the hog, promising the world and then somehow actually managing to deliver it.

You see, Facebook, they actually connected billions of people.

There are millions of electric cars.

Cloud products are both ubiquitous and useful.

You can stream music anywhere.

There are real things, real ideas, new things that they could just pump money into and then reap the benefits, until, of course, there weren't.

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