Internetizing everything: The Magnificent 7 rewrites the rules of the economic game

Just looking at the chart of the Magnificent 7 stocks (The seven tech giants include: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta) clearly shows a trend: continuous increase. But when compared to all the other stocks, the picture is even more interesting: 493 stocks are almost flat, while the Magnificent 7 continue to climb steadily, as if conquering Everest.

The founder of The Network State and Bitcoin supporter, Balaji Srinivasan, explains:

“The legacy of the old economy is gradually closing to make way for the Internet economy.”

The stocks of the Magnificent 7 group continue to rise### as data reveals the shift.

CEO Stripe Patrick Collison also mentioned a similar trend at Google, Apple, and Microsoft. He asked: why do these corporations, which operate in different fields, share the same growth motivation? Balaji replied:

“It is a structural shift towards the Internet. Most actions that used to happen offline are now moving online and passing through technology companies.”

The map of the digital wave

What is happening? The patterns once considered coincidences now seem to signal something deeper.

In economics, “secular shift” ( secular shift ) is understood as a long-term, structural change. In this case, it refers to the decades-long migration from offline to online across the entire global economy.

From ordering groceries, financial transactions, social interactions to remote work, the digital wave accelerated by COVID-19 has become the dominant path for commerce and connectivity.

Balaji's Argument: The Internet Swallows the World

Balaji's response to Collison clarified something that many people feel today: technology companies are not just growing, but have also become the main infrastructure of life.

Industries such as real estate, banking, and manufacturing are being reshaped, reconnected, or even completely replaced by software. According to Balaji, almost every offline activity is being “orchestrated through tech companies,” as digital solutions provide unprecedented scale, efficiency, and global reach.

This is not just a cycle of innovation, but a process of replatforming. That is why companies that have nothing in common are showing the same growth curve – because the offline world is shrinking, while the Internet economy is expanding to fill the gap.

Consequence: Betting on digital or being eliminated

• For investors and founders: This trend underscores an obvious fact – bet on digital, or risk being left behind. The parallel growth curves in seemingly unrelated industries indicate that internet penetration is now the largest determining factor of economic fate.
• To policymakers: This is a warning – the digital divide will continue to widen without proactive intervention to narrow it. As more aspects of life become “intermediated” through platforms, the cost of being left out of the connection grows increasingly larger.

Conclusion

The trajectory of the Magnificent 7 group – particularly Google, Microsoft, and Apple – has indicated a future where most human activities are operated through software. That world is not shaped by a single breakthrough, but by a comprehensive, irreversible shift: from physical space to digital space.

The evidence is clear on the charts – and this trend is only getting steeper.

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