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Remember when it was a very big deal that Apple's market cap hit $1 trillion? That was 2018. Now:
Apple $2.2 trillion
Microsoft: $1.9 trillion
Amazon: $1.8 trillion
Alphabet: $1.6 trillion
Facebook: $940 billion
Apple $2.2 trillion
Microsoft: $1.9 trillion
Amazon: $1.8 trillion
Alphabet: $1.6 trillion
Facebook: $940 billion
Words failed me to explain the BANANAS status of the Big Five.
Tech giants aren't making bonkers dollars in spite of the pandemic. They have grown stronger *because* of the pandemic.
It’s both logical and slightly nuts. https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html
Tech giants aren't making bonkers dollars in spite of the pandemic. They have grown stronger *because* of the pandemic.
It’s both logical and slightly nuts. https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html
One bonkers stat out of many possible bonkers stats:
In less than a week, the Big Five generate more sales than McDonald's does in a year. https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html
In less than a week, the Big Five generate more sales than McDonald's does in a year. https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html
Amazon's market cap grew BY ALMOST A FACEBOOK ($860 billion) just since the beginning of 2020.
Also, may I just note that I got the words "Bonkers Dollars" into a headline.
In The New York Times.
Thank you.
In The New York Times.
Thank you.
I look forward to U.S. senators discussing Facebook's 43% operating margins as the next congressional grilling.
Another wild thing is that the tech giants aren't just capitalizing on pandemic-altered habits. They're leaning into the pandemic.
They're cutting expenses where it matters less and spending big to extend their advantage. Like @KYWeise said: https://twitter.com/KYWeise/status/1387878107709726722
They're cutting expenses where it matters less and spending big to extend their advantage. Like @KYWeise said: https://twitter.com/KYWeise/status/1387878107709726722
I cannot explain how wild all these numbers are. There is a pandemic. The U.S. economy contracted last year.
It was no sure thing that big tech companies would do fine. {NARRATOR's VOICE: THEY DID VERY FINE.}
https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html
It was no sure thing that big tech companies would do fine. {NARRATOR's VOICE: THEY DID VERY FINE.}
https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html
A year ago, I really didn't think Big Tech would do awesome IN A PANDEMIC.
{NARRATOR's VOICE: I WAS WRONG.}
https://www.nytimes.com/2020/05/01/technology/coronavirus-big-tech-earnings.html
{NARRATOR's VOICE: I WAS WRONG.}
https://www.nytimes.com/2020/05/01/technology/coronavirus-big-tech-earnings.html
