Nonsense article, S&P 500 average company survival time decreased since WWII from 65 to 12 years.

Companies that do not adapt will default within 8 by 2030 this is also a reason good IPO's are done at a later stage when profitability is in sight.

Technology is causing disruption by outsourcing the revenue generating activities to producers by providing them enough matching consumers for the value they add. Market cap of platforms are on average 8X revenue while traditional companies trade at 2X. That 4X difference in market cap revenue is what makes the technology disruption to move as quickly as it does.

This is journalist trying to make sense of their own world but hasn't been informed proper.