Market dominance doesn't survive a shift in what people want
Quote
But their dominant position was in kerosene. That was their big product. And they owned that market to the tune of 90 plus percent market share in the kerosene market. But then gasoline became the thing when cars, when cars began to be rolled out in mass. They were not prepared to transition.
Episode 118: No Malaise (episode page, opens in a new tab) 00:10:21 (play audio from this timestamp, opens in a new tab)
Voice-matched
Summary
Explaining why he thinks Google is in trouble, Dave points to Standard Oil. It held 90%+ of the kerosene market, but when cars made gasoline the thing, it wasn't prepared to transition. He says Google's equivalent is search still meaning 'ask a question, get a list of links.'
Not in the audio. Guest episode (Oscar Merry, 0.35 threshold). Adam directs the follow-up question to the same speaker, and the content matches Dave's recurring arguments. The historical claims about Standard Oil are Dave's, not verified here.
Also said
Episode 118: No Malaise (episode page, opens in a new tab) 00:11:40 (play audio from this timestamp, opens in a new tab)
I think that it's, it's the it is the fact that they've, their search is still based on that, you ask a question, and we give you a bunch of links.
Voice-matched