Comment by slowin
17 hours ago
I think "winning" means being able to live up to their valuations. The market is not big enough for all of these companies to be worth as much as they claim. In that sense they must "win" or experience massive downward adjustment in their values.
So “winning” could mean everyone experiences massive downward adjustment, but your valuation is still highest?
There's probably some holes in the analogy is you stretch it far enough. I'm hoping to "win" as a user by local models hitting a performance breakthrough and not needing any of these companies. I think the OP was generally making the point I mentioned though, that there's not room for all of these valuations, maybe one.