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Given the share of SP500 profits that the Google/FB/Apple/Amazon gang currently capture, it's hard to describe it as a "bubble". Maybe "corporate hegemony"... b
by tomkarlo 9y ago
Given the share of SP500 profits that the Google/FB/Apple/Amazon gang currently capture, it's hard to describe it as a "bubble". Maybe "corporate hegemony"... but the situation is SF/SJ at this point is clearly driven by actual cash profits, not speculation, at this point. E.g. Google alone apparently owns the equivalent of 14 Salesforce Towers (the largest building in SF) worth of commercial real estate.