Big tech faces disruption from AI, competition, and industry shifts
• Artificial intelligence is not the only force disrupting large companies - structural industry changes are also causing disruption
• Disney is well-positioned to disrupt rivals like EA and Paramount through new digital ecosystems and streaming sports deals
• PayPal faces disruption from competitors like Stripe and Apple Pay as it struggles with market share losses
• Snap is being disrupted by the growth of platforms like Meta, TikTok, and Twitter as it loses relevance
• Blame broad disruption, not just AI, for challenges at companies like PayPal and Snap