>There is something self-defeating about large tech companies.

It's all large companies. They think they are too big and entrenched to fail.

I've worked for 2 large non-tech companies where managers and leaders loved to say "We are X. We have the resources to do anything. If we apply ourselves, we are unstoppable." One of those companies tried to enter a new market and failed miserably because they kept trying to tell customers what they wanted instead of listening to their customers. The other company is a classic example of what people talk about when they make fun of "too big to fail" companies.