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If you compare: Apple, Facebook, Amazon, Google (Alphabet), and Microsoft on the one hand to JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldm
by bradleyjg 9y ago
If you compare: Apple, Facebook, Amazon, Google (Alphabet), and Microsoft on the one hand to JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs on the other, the tech companies have 2.6 times the market cap, 1.6 times the revenue, 1.1 times the net income available to common (a measure of profit) and .7 times the domestic work force.
I wouldn't say they are small compared to Wall Street.
- emodendroket 9y agoBesides that, the proposition that we should ignore one large industry because another is larger strikes me as obviously wrong.
- deleted 9y ago[deleted]
- Terr_ 9y ago> the proposition that we should ignore one large industry because another is larger strikes me as obviously wrong. But not nearly as wrong as ignoring one large industry because another one is more visible to consumers.
- emodendroket 9y agoI don't think any newspaper is "ignoring" the world of finance.
- Terr_ 9y agoHold up: "Ignoring" one large industry was YOUR word-choice, not mine. If you think it's too absolutist or hyperbolic, then why did you use it earlier to refer to household brand names in technology?