Collecting user data is a competitive disadvantage

Warren Buffet is famous for identifying the need for businesses to have "moats" and "walls" around their profit-centers to keep competitors out, and data-centric companies often cite their massive collections of user-data as "moats" that benefit from "network effects" to make their businesses good investments. Read the rest

Big Tech is building a $80B capex wall around its empire

Big Tech companies -- like all the apex predators of all the world's concentrated industries -- is swimming in cash; but unlike those other firms, Big Tech is not using the cash merely for financial engineering; it's doing actual engineering, sinking $80B this year into capital expenditures that will form a wall around the industry's incumbents, which new firms will have to scale in order to challenge them. Read the rest