The economy is screwed

We don't have a competitive landscape any more. We have a hierarchical landscape where certain people are in charge and have locked themselves into the position of being in charge. It doesn't matter if the company will eventually fold 5 years after making a wrong decision (and it's questionable whether wrong decisions make companies more likely to fold than right decisions), because we still have to deal with the fallout of the wrong decision immediately and for the next 5 years, and then for another year until a sufficient replacement is available.

Look at all the world's information being locked on Reddit, which has just closed its doors (to every consumer of that information except for Google, who pays a lot of money to not be excluded). Reddit will surely go bankrupt due to this... in some years. It's already been over a year since Reddit started down this track. Reddit has almost never been profitable, so you could argue it's been making wrong decisions for ~20 years and still not failed. Meanwhile Facebook is occupied by almost exclusively Russian bots, and still has a high stock valuation. The markets are 99.9% disconnected from reality.