The internet may not make corporations obsolete but the corporations will have to change their business models why or why not?

Yes, corporations will likely have to adapt their business models to remain competitive in the digital age driven by the internet. They may need to leverage technology for efficiency, offer more personalized experiences, and be more agile in responding to changing market dynamics. While the internet may not make them obsolete, it will certainly challenge them to evolve to meet evolving consumer expectations and emerging technological trends.