Telecoms Industry

“You have a pretty safe bet that Google, Meta, Amazon Microsoft, Apple produce more profits than the entire telecoms industry.”

“And so this is why WhatsApp and Skype basically had no effect on telecoms industry or had a very second order effect on the telecoms industry because they had to change their pricing models.”

“Telcos, which is about a 1.2 trillion dollar industry, so over double the size of the entire online, and the entire advertising industry for context, and something like 10 times the size of the online advertising industry.”