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Google and Facebook are bigger than a single country now.
by dom0 9y ago
Google and Facebook are bigger than a single country now.
- geocar 9y agoThis is a strange way to define "bigger". Google and Facebook combined have a total market cap (sum of all shares) is around 1.2 trillion dollars, which would represent only a 5% increase in tax revenue for America to simply buy all the shares. However, the Government doesn't need to turn a profit: Google and Facebook combined spend only around $200 million dollars per year on R&D and operating expenses, which would be a rounding error on the tax budget.