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But can the system just be fixed? How? How could Amazon, Berkshire Hathaway and JPMorgan Chase use their expertise to change the system, and what would the result look like?

But finding the right people has been crucial to its success and vital for its future development.

But just as important, Douyin's parent, Beijing Bytedance Technology Co Ltd, is the only major Chinese tech startup that has not publicly announced investments from any of the two. Tencent and Alibaba have the tradition of taking fast-rising services into their orbit and fighting for supremacy in the zero-sum internet sphere in China.

But in the broader scheme of things, this is the interesting part: Amazon is using technology to create a social network that connects a large community of readers. It’s an example of digital experience clearly trumping its traditional predecessor.

But McDonald's Corp and Yum Brands Inc's Taco Bell, which rely on franchisees that allow them to collect royalties from independent operators, have a better outlook.