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My explanation is that the legacy economy is being sunset in favor of the Internet economy. https://t.co/DTVsMwInvW Since the 2008 financial crisis, every transaction and every communication has moved online. But we are still at the foot of the mountain. The next step is internet economies, communities, cities, presidencies. The world is becoming Internet First. I should clarify that I am not necessarily a believer in any individual tech stock. And of course the physical economy still exists too (albeit mostly in Asia). I am however a believer in the Internet writ large.