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Because they switched from building useful stuff to building high stock values.
It’s literally not true though. Big tech built AI which is probably the most important technology since internet

There’s this popular misconception that companies only chase stock valuation but it doesn’t look true.

For their stock holders, and upper management it definitely is, image all the automation that AI will deliver to get rid of those pesky workers.
Even if we count AI, how’s that Big Tech?

Google and Meta are the only Big Tech companies that even have a presence in AI and it’s being led by Anthropic and OpenAI, neither of which were Big Tech.

The article clearly counts AI as big tech. It’s clear you didn’t even read it..
> Big tech built AI which is probably the most important technology since internet

It is only important for 3 letter agencies because they also get your frustrations and they can give you answers.