Building the Bell System

Undersea cables, and long-distance communications in general, became the highest of high tech, with many of the same connotations as rocket science or nuclear physics or brain surgery would acquire in later decades. Some countries and companies (the distinction between countries and companies is hazy in the telco world) became very good at it, and ... See more

I don’t have a neat graph of market cap over time for consumer subscriptions, but the market cap of these businesses in aggregate is likely larger than for B2B. Legacy consumer utilities like Verizon ($250B market cap) and Comcast ($236B) have been subscription oriented for years, but internet native companies have built even more value with subscr... See more