Death Professor
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I think the examples you gave are of companies that didn't diversify enough. Meanwhile, the current giants like Facebook, Google, Microsoft, Apple, Amazon etc have a monopoly-stic nature. e.g; facebook buying whatsapp, google buying youtube, amazon buying twitch. They jump and buy stuff which is either rising, risen or have the potential to rise. So, they can't really fail like the examples you just gave. They are investing in AI, and so many other things.What I am talking about is the investment aspect of these companies they grow with a rapid pace but than burst more quickly. Nokia, Erricson, Motorolla, cisco are some of the examples.