Looking at private investments, all the top tech firms are essentially mature monopolies
Microsoft's last big innovation was buying 86-DOS in 1980, and renaming it MS-DOS. Everything since has been me-too, though very successful
Growth rate of Google searches now in single digits AFAICT. Android installed base pretty much static, smartphones a mature technology
Apple's last big innovation was iPhone (2007).
Amazon and Facebook - nothing new for years (except horrible new Facebook look).
All reliant on established base of users, network economies, IP protection against entry etc.
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