How Are Today’s Mega Cap Stocks Different?
Creative destruction is supposed to topple giants. New ideas come along, old leaders fade, but this cycle feels different. The largest U.S. platforms haven’t blocked innovation. They’ve organized it, they’ve monetized it, and they’ve scaled it. History reminds us that dominance never lasts forever. U.S. Steel, AT&T, IBM—they all defined their eras, then gave way…