3 ms·
I have a hard time understanding the comparison of aggregate market cap (a valuation) to GDP (an annual output). These seem like two very different quantities,
by minwcnt5 8y ago
I have a hard time understanding the comparison of aggregate market cap (a valuation) to GDP (an annual output). These seem like two very different quantities, with different units. How do you intend for us to interpret that comparison? Wouldn't it make more sense to compare the aggregate revenues of those companies? (I'm not an economist, so I'm not sure those two quantities are comparable either, but they seem closer at least.)
- ummonk 8y agoIt's several hundred billion in revenue per year - i.e. about half the Canadian GDP for the FAANG companies.