Gurley questions whether America benefits from Mag7's trillion-dollar valuations or if they signal market failure.
“Hearing that caused me to ask the question, does America really benefit by the fact that the Mag7 have $3,000,000,000,000 market caps?”
Gurley argues high margins at big tech companies may indicate market failure not success.
“I would argue that this, I don't think you're going to get a lot of other people in Silicon Valley that would be willing to say this, but it might be indicative of market failure rather than market success.”