GE’s CEO Jeff Immelt recently stated in a post in the Business Insider UK: “Let’s finally end the debate over whether we are in a ”tech bubble. There has been talk of a bubble going back to 2011 and it continues to rage today.
There is sometimes a miss-conception that the regulatory burden is saving banks from FinTech. Bank representatives sometime hide behind the regulatory pressure arguing that the FinTech sector is interesting but not at all a threat to established banks. How wrong they can be.
Last year World Championship finals of the online game League of Legends were broadcasted live in 19 languages. The grand finals were watched by 27 million people globally when played at the Seoul World Cup Stadium were 45.000 spectators joined the event live. As a comparison the U.S. 2014 NBA-championship topped with 18 million viewers.
The music industry used to be dominated by record labels and distributors. Then Spotify came. Record distributors were made redundant and main-street mega record stores and the cool boutiques around the corner gradually realized happy times were over. To grandparents looking for Christmas gifts these stores are a rare find today as consumers have gone… Read more