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I mean, I get why there's a discrepancy. But 17/223 is 6% vs 94%. Let's be frank here, the European Union alone has a GDP similar to the US (both around $19-20
by IkmoIkmo 8y ago
I mean, I get why there's a discrepancy. But 17/223 is 6% vs 94%.
Let's be frank here, the European Union alone has a GDP similar to the US (both around $19-20 trillion), the population is about 50% larger, with a very substantial western part that has similar disposable income as the US (particularly as things like healthcare or education costs less here, purchasing power is stronger in the EU than the nominal figures). The fact incomes are more egalitarian should also help, given pinterest-revenues aren't being driven by a small group of rich people.
In a world with just US/Europe, I'd expect more of a 60/40 split, 70/30 at worst. Yet it's 94/6.
But then the world isn't just US/Europe. You can add lots of other OECD countries, like Japan, Korea, Australia, Canada etc, when taken together you can quickly add up to another US-sized population of high-incomes. Again, it's not an exact comparison, but here too you'd expect at worst a 70/30 split.
Together with Europe and other huge but lower income markets like the BRIC countries, you'd be looking at 50/50 US/Rest, easily.
Google is at 45/55 and Apple is at 40/60. Pinterest being at 94/6 is absolutely not just a function of US incomes.