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Market cap is kinda a misnomer - a snapshot in time that doesn't mean much. How about use something like total volume of capital that's flowed through the compa

Market cap is kinda a misnomer - a snapshot in time that doesn't mean much. How about use something like total volume of capital that's flowed through the company/or facilitated by the company? For Goldman Sachs that would be trillions or on the order of the GNP of the largest countries.

dragonwriter 9y ago
> How about use something like total volume of capital that's flowed through the company/or facilitated by the company? Sure, if you measure by exactly what an investment bank specializes in, its unsurprising that Goldman does somewhat more of it than Google, but still... > For Goldman Sachs that would be trillions or on the order of the GNP of the largest countries. For Google, if it hasn't already crossed into the trillions it will soon; at over $100 billion in annual revenue with over 20% annual revenue growth, it doesn't take that long to pump a trillion dollars through even without counting money flowing through in forms of transaction facilitation that aren't revenue, such as Google's various payment systems.
- rokhayakebe 9y ago
  And JP Morgan Chase moves $6 Trillion per day.
megablast 9y ago
Why don't we measure by the number of google searches each company handles?
airstrike 9y ago
Total volume of capital flowed through the company would include foreign exchange trading, which don't really create value directly but moves around $5 trillion per day.
notyourday 9y ago
For an IB, the measure is "assets under management"
riku_iki 9y ago
> How about use something like total volume of capital that's flowed through the company/or facilitated by the company? You can measure Google influence by daily users/processed ads views/youtube videos, and number of people affected by product decisions inside Google. Google banning crypto ads may have greater impact than GS investments into niche companies.

dragonwriter 9y ago

> How about use something like total volume of capital that's flowed through the company/or facilitated by the company? Sure, if you measure by exactly what an investment bank specializes in, its unsurprising that Goldman does somewhat more of it than Google, but still... > For Goldman Sachs that would be trillions or on the order of the GNP of the largest countries. For Google, if it hasn't already crossed into the trillions it will soon; at over $100 billion in annual revenue with over 20% annual revenue growth, it doesn't take that long to pump a trillion dollars through even without counting money flowing through in forms of transaction facilitation that aren't revenue, such as Google's various payment systems.

rokhayakebe 9y ago
And JP Morgan Chase moves $6 Trillion per day.

megablast 9y ago

Why don't we measure by the number of google searches each company handles?

airstrike 9y ago

Total volume of capital flowed through the company would include foreign exchange trading, which don't really create value directly but moves around $5 trillion per day.

notyourday 9y ago

For an IB, the measure is "assets under management"

riku_iki 9y ago

> How about use something like total volume of capital that's flowed through the company/or facilitated by the company? You can measure Google influence by daily users/processed ads views/youtube videos, and number of people affected by product decisions inside Google. Google banning crypto ads may have greater impact than GS investments into niche companies.