What big companies do you think will not be around in the next 5 years?

bnt

https://www.boards.ie/discussion/comment/118796832#Comment_118796832

Any better alternatives? Some of the younger folks at my company use Revolut: I looked in to them and they're trying to be Uber for banking. Getting around regulations etc., seems to be the only reason for their existence, but banking regulations are there for a reason, and regulators are understandably watching them closely. Once they're brought in line, they won't have any advantage over established banks, and so I don't see them lasting 5 years under their own name.

Ditto for Uber: another company that has a business model that relies on cutting out the middleman, but which is now becoming the middleman, because - guess what - someone has to responsible for enforcing regulations in the real world.

In general: if your business model relies on disintermediation, I think that ship has already sailed, and you weren't on it. Which is probably a good thing for you, since ships tend to sink if you skimp on maintenance.

fryup

P&O Ferries

oh wait😐️

Can see some sports teams here and in the lower league's of England going to the wall

cj maxx

https://www.boards.ie/discussion/comment/118799766#Comment_118799766

I was organising a trip to England for myself in may/June taking the car. Bollix if there's ferries left I'll probably have to go to Scotland 😡

Zebra3

https://www.boards.ie/discussion/comment/118799062#Comment_118799062

Revolut is hugely popular in my social circles and I never hear anyone talk about PayPal.

Capt'n Midnight

https://www.boards.ie/discussion/comment/118795991#Comment_118795991

The big competition will come from places like Foxconn offering a 200mm thick slab containing electrics, batteries and motors with a wheel hub at each corner. Stick 20-30 of them in an container, stick on a train to Europe and a week later anyone with a big shed can then stick a body on top to produce an electric vehicle with their own branding.

Jim2007

https://www.boards.ie/discussion/comment/118799766#Comment_118799766

Yes you had better. They made a terrible management blunder and damaged their brand, but they have a fairly captive market, deep pocketed investors and if they do manage to pull it off then they will be very profitable.

Larbre34

Tesla is an interesting one.

They have never made a cent on building cars. Every penny of profit is from the purchasing of credits from them by combustion engine makers, who need them to balance out their polluting engines.

However, the big car makers are now doing it better, cheaper and more advanced than Tesla and that credit stream is going to dry up in under 5 years.

Also, the Tesla Model S, on which all Tesla cars are now based, is 12 year old technology. And they have nothing revolutionary in the pipeline. Musk is too distracted to care.

And worst of all. Teslas are crap boxes. Absolutely cheap and nasty, poorly made rubbish. They fail, they go haywire and they've got more recalls than Pavarotti.

None of that is exactly a recipe for a sustainable future. Not when I can walk into a Mercedes or a Kia dealer tomorrow and get a superior product, delivering the same experience, for less money.

Tesla is at a fork in the road and while they might well be here in five years, I don't think they will in ten. More likely, they'll be a General Motors operation of some sort.

Pawwed Rig

https://www.boards.ie/discussion/comment/118796837#Comment_118796837

Ha. The one dispute I ever had I lost the money. Will never use it again if I can help it. It is obsolete with revolut anyway.

ILoveYourVibes

https://www.boards.ie/discussion/comment/118795650#Comment_118795650

same ...whatsapp plus skype means you can call people abroad ...facebook let too many creepers and extremists on ...tis their own fault really

ILoveYourVibes

https://www.boards.ie/discussion/comment/118796991#Comment_118796991

its also safer

touts

Tesla will be gone as an independent company. Someone like Toyota will buy the brand and the tech. Musk will sell them to fund his space projects.

Smartphone companies fairly churn through big names. I'd hazard a guess that most of the current Chinese big brands (Huawei, Xaomi etc) will be gone.

Bitcoin (if that counts as a company) will be gone. But other cryptos will replace it.

In Irish companies:

I think RTE could be gone. Virgin almost certainly will be.

Eir will be gone. National Broadband Ireland is all but gone now.

The Examiner and Independent will both be gone. Irish times will probably hang on.

Of the big tech companies, I think Facebook / Meta is totally overhyped. It’s not even in the same league as Google and it’s main product, Facebook itself, is mostly inhabited by elderly people and accounts that log in once in a blue moon from what I can see of it. I don’t think I’ve posted on FB in 6 or 8 months. I can’t close the account as I would completely lose contact with a few technophobes and elderly people but that’s about it.

PayPal seems increasingly unnecessary too and isn’t really innovating.

I think Tesla could be absorbed too. It’s totally overvalued as it’s tech cool. That may change as the key challenge for car makers is actually scaling up production and ensuring it’s ultra efficient and reliable. They aren’t there yet at all.

In Ireland I could see one or more of the banks being absorbed into pan European groups as the single banking market emerges. That’s not necessarily a bad thing as it removes a lot of domestic risks and might mean a more competitive market if other operators can eventually move in on a more pan Eurozone basis.

I could see 3 being sold off to some larger European outfit too. It’s a bunch of isolated operators in the EU market as it stands.

In the UK I would wonder about M&S and possibly one or two other retailers. A lot of stuff going.

In Ireland I would wonder about the long term viability of a lot of the local independent radio station in the next decade or so too.

AndrewJRenko

https://www.boards.ie/discussion/comment/118800346#Comment_118800346

Examiner is already part of the Irish Times group.

Virgin Media is part of Liberty Global.

https://www.boards.ie/discussion/comment/118800392#Comment_118800392

Three is part of CK Hutchinson Holdings.

https://www.boards.ie/discussion/comment/118800451#Comment_118800451

It may well be, but Hutchison isn't a big player in Europe and has limited economies of scale as a result. I'd see a bit of consolidation ahead.

Larbre34

RTÉ isn't going anywhere. It's not a company anyway, it's a semi-state something or other.

Even if it ends up reduced to news and current affairs and some public interest work with one telly and one radio station, and much podcasting, it will still exist.

Zebra3

https://www.boards.ie/discussion/comment/118800528#Comment_118800528

Yep, shutting it down would be politically explosive.

recyclops

This thread is funny but if reasons explained here are anything to go by I can't see playstation lasting 5 years.

None of my friends have one, they are all on pc or xbox so yeah playstation will be gone.

I'd say loads here are using PayPal and hardly notice as business use it to process transactions on top of customer payments and they take a slice of all those, that and they pretty are the main thing used on ebay another not talked about but massive website.

mfceiling

https://www.boards.ie/discussion/comment/118800169#Comment_118800169

Jesus!! I drive a Tesla (I'm not a fan boy cause I think musk is a plonker).

It's well made (improving build quality every year). The tech is miles ahead of any other manufacturer. They are constantly updating the technology via over the air software updates like your mobile phone.

I'm not sure where you get the idea that they constantly fail? Reading some online reviews of guys with stratospheric mileage up on them with very little problems.

Berlin and Texas starting to ramp up production and there's plenty of customers out there.

I like most other Tesla drivers pay €10 a month for the updated maps and Spotify on the touchscreen. That's a hefty chunk of money for them worldwide every month. Also he has the supercharger network worldwide (also an additional payment) which brings in a decent amount of money. This is being opened to other EV's in Europe at present which is also going to bring in more money.

He's beginning to not only have a car company but also a subscription based company with it and that's going to increase profits.

I don't think you've probably been inside a Tesla never mind driven one.

Watch a few RSymons videos in YouTube. He's an ev specialist in Britain and has been driving them for years. Holds no skin the game with any manufacturer but when it comes to real world testing (mileage, comfort, tech, charging ease) one manufacturer comes out top the majority of times.

Fr Tod Umptious

https://www.boards.ie/discussion/comment/118799948#Comment_118799948

That body that's going to go on top of the slab from Foxconn is going to have to meet a lot of safety and other regulations, so you probably need more than a big shed and a week to get that sorted

Fr Tod Umptious

People need to put their own experiences and what they observe in their social circle behind them when trying to figure what big companies will not be around in 5 years.

Just because your social circle uses Revolute and not PayPal doesn't mean that PayPal is frigged.

Just because you like your Tesla doesn't mean that it's long term existence is secure.

People have to look at the financials, where the money is coming from, where the market is going to figure it out.

Glaceon

https://www.boards.ie/discussion/comment/118796694#Comment_118796694

I think Netflix are tolerating password sharing to an extent. They could make it much more difficult by enforcing multi-factor authentication but they still haven’t done it. One of the few accounts that I don’t have MFA on because they simply don’t offer the option.

road_high

How are Sky TV doing? I just canceled my subscription, watch feck all TV and with all the constant increases it was over €40 a month. A bill I can easily live without.

Fr Tod Umptious

https://www.boards.ie/discussion/comment/118800926#Comment_118800926

Yea I was thinking of them.

We left them a year ago but rejoined a few weeks back because they offered us the package for €19 pm and the FTA combo box we had was old and frustrating.

But it's our first time having Sky Q and it's really terrible to use, so we will only stay the year and get a better FTA combo box next year.

They are losing subscribers to FTA and IP Tv services but I think they will survive, they own Now TV which is a very good service and I think they will delve further into the IPTV business, they have Sky Broadband, the cost of rights for soccer are going down so they will not be shelling out as much for that, and plus they still have a very big subscriber base that has been with them for years.

mikeybhoy

https://www.boards.ie/discussion/comment/118800617#Comment_118800617

PlayStation isn't a big company though unless you think Sony won't be here in 5 years.

c.p.w.g.w

https://www.boards.ie/discussion/comment/118797371#Comment_118797371

Well then stay away from Amazon Prime streaming service...it's piss poor and incredibly slow

razorblunt

https://www.boards.ie/discussion/comment/118799062#Comment_118799062

Revolut are in danger of doing too much, too quickly and diminishing their service. You can now trade US stocks, crypt as well as bank and FX services. If they get a licence for UK stock trading I reckon they’ll get bought out. More than likely by the recently setup asset mgmt firm of their Chairman.

Jim2007

https://www.boards.ie/discussion/comment/118800208#Comment_118800208

Yes if you are in the wrong you will loose a dispute..... And with Revolut regularly reporting losses since 2018 and the general squeeze in the banking sector I would not be will to bet on them versus Paypal.

Pawwed Rig

https://www.boards.ie/discussion/comment/118801613#Comment_118801613

On what basis was I in the wrong?

cj maxx

Éir will be gone. Facebook too. Its had its day in the spotlight, and is now simply a selling place for Chinese fraudsters.

https://www.boards.ie/discussion/comment/118801960#Comment_118801960

Eir's network is a piece of infrastructure. The company itself could well change hands, yet again, but the networks fixed and mobile that they own and operate aren't going anywhere anytime soon.

https://www.boards.ie/discussion/comment/118800958#Comment_118800958

Yeah I would say Sky are possibly going to at least not be "Sky as we know it" in 10 years time. They're owned by Comcast anyway and could even rebrand at some stage. I think the days of satellite broadcasting are probably drawing to a close and you're seeing the rise of IPTV. Even Sky Q itself is a hybrid platform and will probably morph into pure IPTV in time, with less and less content on satellite.

Greyfox

https://www.boards.ie/discussion/comment/118800617#Comment_118800617

I think you'll find PlayStation is a brand that's guaranteed to be still going strong in 5 years. I can't wait to eventually get my hands on a PS5

whisky_galore

RTE won't be gone, it'll be propped up somehow. Money will be found, through a levy of one kind or another.

It's like the Irish language, people complain about how much it costs but cue howls of anger and rage about "identity" and "culture" if the plug was to be pulled.

Facebook isnt going anywhere either, it's got markets of millions outside of the US and Europe anyhow who are unaware of the fuddy duddy image it has here.

Jizique

https://www.boards.ie/discussion/comment/118796049#Comment_118796049

Mazda has a deal with Toyota and Honda is using GM's Ultium

mcburns07

https://www.boards.ie/discussion/comment/118800346#Comment_118800346

I'd love to revisit this post in 10 years but I suspect Boards will be gone.

mcburns07

https://www.boards.ie/discussion/comment/118802544#Comment_118802544

Sky are already pushing towards this, the problem with IPTV is the delay, I hate how Sky Go is a good 30-60 seconds behind live TV, watching sports almost live is crap.

recyclops

https://www.boards.ie/discussion/comment/118802935#Comment_118802935

I agree it was more in jest at what people are saying.

Though as someone with a ps5 they need to do something drastic to make me turn the thing back on. Right now it's most expensive paper weight in the house.

The J Stands for Jay

https://www.boards.ie/discussion/comment/118796992#Comment_118796992

I don't think we need American Penny's here

The J Stands for Jay

https://www.boards.ie/discussion/comment/118797371#Comment_118797371

Try using Amazon prime video...

brokenangel

Tesla will be gone, Musk has a habit of selling off when he gets bored and Merc or BMW or someone will buy it, maybe VW….they will keep the name for the fanboys and that’s it

IBM is the big one I could see going, theRedhat acquisition is not giving what it should, they spilt the company in two last year and seem to be more interested in share prices than customer, they could be a huge dinosaur to go

The J Stands for Jay

https://www.boards.ie/discussion/comment/118800617#Comment_118800617

eBay are rolling out their own payment service to take the place of PayPal.

https://www.boards.ie/discussion/comment/118803125#Comment_118803125

The days of 2 TVs on same feed are long, long gone - decoding delays even on just straight over the air digital tv.

The J Stands for Jay

https://www.boards.ie/discussion/comment/118801613#Comment_118801613

PayPal's dispute resolution service has gone downhill in the last 10 years. It's so easy for scammers to get a result using them. I try my best to avoid them when I can.

brokenangel

https://www.boards.ie/discussion/comment/118803249#Comment_118803249

It rolled it out or started to in 2020. Still PayPal is used all over the World, same as stripe which most people are unaware they are even using

road_high

https://www.boards.ie/discussion/comment/118796992#Comment_118796992

Was in their shop before Christmas, nice stuff I thought but pricey. I see they folded in Ireland a few weeks after. I think there was some problem with the licensing

road_high

https://www.boards.ie/discussion/comment/118800169#Comment_118800169

I quite like Tesla and think it’s a strong brand but to be honest the quality would put me off- I think coming from a modern Bmw the step down in fit and finish is massive. They are laughably flimsy in places. Just a personal opinion of course.

As for that Tesla cyber truck thing - wtf is that about? The brand has almost cult like following though which is quite something

recyclops

https://www.boards.ie/discussion/comment/118803249#Comment_118803249

They have tried this before and failed, the users will be the ones who decide just like last time.

brokenangel

https://www.boards.ie/discussion/comment/118803391#Comment_118803391

The cult like following is doing more harm than good. Like you had a guy online raving about how good his new Model 3 was, then admitted the spoiler fell off it and something else was gone on it.

Dating apps like tinder will be gone

Some of the coffee chains like starbucks or insomnia will definitely go