3rd wave tech stocks and why they're the new disruptors: Mark Baribeau - Business Insider

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A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption

His portfolio includes the likes of Amazon, Facebook, and Netflix — but he's also keenly focused on the new generation of tech stocks poised to lead the next round of industry disruption.

An example would be Shopify in retail optimization or operating system, enabling young entrepreneurs to get online, start selling their cool products, and avoid the big companies like Amazon, which are going to take most of the economics. Brands like Allbirds, for example are very, very successful using the Shopify system to get up and running and sell effectively online. So it really helps entrepreneurs.

What started off as an e-commerce company, mid-cap growth company, is now a dominate digital payments provider in Latin America. So those are a couple of examples of very exciting opportunities that are built off this big, mobile internet infrastructure.: So it sounds like they make their hay by taking steps out of the process. They sort of consolidate different steps that may go into selling things online.

If the trade war were to escalate further, two things are going to happen. One, you're gonna continue to dampen business confidence globally, which has already happened. Which is already, we think, beginning to leak into technology companies that sell around the world. Never mind with China, demand may be slowing down.

 

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