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Because the companies everyone claims are now obsolete are making a lot of money still doing the supposedly obsolete things?

• codexon 1mo ago
  Many of those companies like duolingo have already collapsed in stock price with YoY growth dropping off a cliff. It is happening, it just isn't instant.
  • batshit_beaver 1mo ago
    And yet those companies aren't collapsing because it became easier to rewrite their software, but because llms themselves have replaced a core part of their business (such as translation or simple art). Seems like so far the market is not convinced at all that SaaS companies as a whole are any more disruptable than before.
    • StrangeWill 1mo ago
      That and talking to a lot of users, Duolingo reduced the quality of their service moving to LLM generated content -- a lot of people moved to other apps.
• bossyTeacher 1mo ago
  No one buys CDs but Taylor Swift still makes a lot of money from her music. Doesn't negate that making music is economically worse than ever. Most people book flights online, travel agents still make a lot of money. Doesn't negate that travel agency as a business is economically worse than ever. Most people have cameras in their pockets that can take good photos, photographers still make a lot of money. Doesn't negate that being a photographer is economically worse than ever. Hopefully, you see the pattern. You don't remember that companies that are no longer around.