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"They are currently valued at about $50BN, but are growing at about 20-25% annually and will continue to do so for the next few decades." Hello, unfounded asse
by drusenko 17y ago
"They are currently valued at about $50BN, but are growing at about 20-25% annually and will continue to do so for the next few decades."
Hello, unfounded assertion...
- onewland 17y ago"The housing market is growing 20-25% annually and will continue to do so for the next few decades."
- nostrademons 17y agoHe might simply be assuming a high inflation rate. At 10% inflation, prices will multiply roughly 8x in 20 years, so a trillion dollars would only be about $125B in today's dollars. That's only about half of Wal-Mart's market cap.
- drusenko 17y ago"...and the 1st Trillion Dollar Company" I don't think he was
- nopinsight 17y agoIn the case that level of general inflation actually happens and other large companies grow as much as well, one of the companies with higher valuation than Amazon today would be first instead of Amazon.
- SamAtt 17y agoMore like "Hello link-bait title that got a post with virtually no real content to the top of Hacker News in under an hour"
- algorias 17y agohttp://xkcd.com/605/ http://xkcd.com/605/