High-speed trading accounts for an increasingly large percentage of activity, and institutional investors will spend millions or billions on any tech that gets them a slight advantage.
Of course, technology has impacted finance. The list goes on.īut despite that, we operate under the assumption that financial markets are somehow different, impervious. A private company, SpaceX, is doing things that NASA can’t. Millions of people now earn livings in the Gig Economy or the Passion Economy. Netflix put a dent in cable’s long standing dominance, and already TikTok and Fortnite threaten Netflix. Software has fundamentally altered nearly every industry. I’m kind of mad at myself for typing these words right now. With nine years of hindsight, he was so obviously right that it’s cliché to cite it today. In 2011, Netscape and a16z founder, Marc Andreessen, wrote a guest post in the WSJ titled Why Software Is Eating the World.
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