2 ms·
The solution seems like it should just be a given, yet at the same time is really asking a lot of America. It's pretty crazy that the combined market cap of 5
by siruncledrew 9y ago
The solution seems like it should just be a given, yet at the same time is really asking a lot of America.
It's pretty crazy that the combined market cap of 5 companies: Walmart, Amazon, Google, Microsoft, and Apple [0] are essentially equal to the entire GDP of Africa [1].
[0] https://www.marketwatch.com/story/amazons-market-cap-falls-behind-microsofts-into-4th-place-2018-03-29 https://www.marketwatch.com/story/amazons-market-cap-falls-b...
[1] https://en.wikipedia.org/wiki/Economy_of_Africa https://en.wikipedia.org/wiki/Economy_of_Africa
- smnrchrds 9y agoIt's a meaningless comparison. GDP is annual. Market cap is supposed to represent all future income in perpetuity at a discount. It's like comparing the annual income of person A to the net worth of person B.