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In the place of problem-solving technology, companies have jumped on successive bandwagons like NFTs, the metaverse, and large language models. What these all have in common is that they are not built to really solve a market problem. They are built to make VCs and companies rich.
Even if stating the seemingly obvious, this article is a good read.
This article from the same author is also a great read:
Marc Andreessen is a philosophical zombie
and reinforces how out of touch these people are from reality due to their lack of intellectual curiosity and the cavalcade of equally vapid sycophants that surrounds them.
LOL they haven't "forgotten", they just don't care.
They also never knew. They went from being tech nerds dyring a timewhere tech was very expensive and limited to venture capitallists. These were never "normal" people.
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The Juicero was one clear red flag of this
https://en.wikipedia.org/wiki/Juicero
I imagine that the article mentions it