Mad Money’s Jim Cramer sat down with Akamai CEO Tom Leighton to discuss the impact 5G will have on the web.
Akamai Technologies is one of the premier content delivery networks, providing critical services to companies around the world. As a result, the company has unique insight into new internet technologies, especially those that promise the transformative effect of 5G.
Cramer asked Leighton about streaming platforms, and whether they were all Akamai customers.
”We work with Netflix, but don’t deliver the long-form videos today. We’re much more diversified today, so there’s no single really large customer on our platform. We work with pretty much all the world’s major brands, including the sporting events.”
The interview then turned toward 5G specifically, with Cramer asking if 5G would essentially do away with the need for TVs.
”You’ll have a device always. Maybe it’s not your traditional TV. I think the devices are obviously changing. And I think 5G is a really exciting technology for the future, not just for watching video, but for the potential of all the IoT applications. The whole paradigm of the web could be changing. You know, we already operate an IoT platform. We have dozens of customers that are early adopters. The protocols there are all different than the web, and they’re a lot more efficient. The paradigms are different. I think that’s an exciting part of the future…”
Leighton then expressed that the switch to remote work, remote learning, online banking, home entertainment and other post-pandemic changes were providing tailwinds for the company. As a result, their profits are up 30% year-over-year.