4 ms·
Alphabet is within a hair of dethroning Apple as world's most valuable company
- Kinnard 11y agoWhen will it be time to officially dethrone New York and coronate San Francisco as the capital of the US Economy?
- johnloeber 11y agoNot for a while. NYC has a Gross Metropolitan Product (GMP) of $1,574 billion as of 2015.[0] That's almost 1/10 of US GDP. San Francisco / Oakland / Hayward comes in at $427 billion. San Jose / Sunnyvale / Santa Clara comes in at $220 billion. [0] http://www.statista.com/statistics/183808/gmp-of-the-20-biggest-metro-areas/ http://www.statista.com/statistics/183808/gmp-of-the-20-bigg... Further reading: https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_area...
- bdcravens 11y agoInteresting to see that SF trails both Dallas and Houston. (which in turn trail LA and Chicago significantly) Add to the fact that Austin is the fastest growing, and you can buy a nice house for under $200K, yee-haw.
- DamnYuppie 11y agoI thought the coronation of San Fran as the new capital of bullshit and douchebaggery had occurred long ago, or am I misinformed?? ;)
- toomuchtodo 11y agoAfter we see how long the VC winter is after the Unicorn Pop occurs?
- 11thEarlOfMar 11y agoYeah, but take a look at their 10 year charts. AAPL would have made you 3.5x better return, even after the recent slump: https://goo.gl/XvWK4S https://goo.gl/XvWK4S
- mark_l_watson 11y agoDoes it really matter? I would think that over time different companies would have the top spot. A better measure is which company will be the most relevant in 10, 20, or 30 years. When I worked as a contractor at Google, I was very impressed by the company but wondered privately what would happen if their ad revenue was seriously disrupted. Same with Apple. They make great gear but they might be disrupted by incredible cheap gear in the future from China and South Korea.
- pablasso 11y agoWe can make our opinions without sounding so negative about all news. Yeah, it does matter that they're the most valuable company in the world, even though you can argue about them being equally important on 30 years.
- xbmcuser 11y agoThis is what's Alphabet quarter earnings is about. They are going to show separately how Google and all their other bets will do. Elon Musk is the most celebrated visionary of our time but Larry Page is not far behind and now that he has passed of Google for someone else to run. It will be interesting to see what he does.
- 0xCMP 11y agoUgh, I was just thinking about this. Alphabet isn't so much doing the dethroning here. They aren't growing. They aren't adding value. Apple is simply losing value. It's the the same. That doesn't make Alphabet "better" and in no way justifies all these articles coming out right now about "how alphabet is doing amazing and brin and page have it figured out!"