Jonathan Warren: Financial transactions in the metaverse

The average time a company spends on the Standard & Poor's 500 is around twenty years. In 1958, that figure was 61 years. What is the main driving force behind the contraction in a company's life span? In a word: Technology. Specifically, the contraction of technology cycles and the exponential pace of technology advances. In the first Industrial Revolution, it took over one hundred years for steam to achieve mass adoption. How long did it take the smartphone? Around a decade ago, we witnessed transformative technology emerging in the form of social media, the cloud and the smartphone...