The Profound Implications of 5 Increasingly Dominant Tech Companies

I’ve become surer of the simple, but profoundly impactful, realization that:

1. The most valuable companies in the U.S. are increasingly tech companies.
2. The concentration of value (as denoted by market cap) being created in tech, is increasingly being created by the five largest companies, Facebook, Apple, Microsoft, Google and Amazon (aka FAMGA)
3. The concentration of market cap in just five hands will have an increasingly profound impact on innovation and wealth concentration in the U.S..

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