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> There was ~$107 billion in online advertising in 2018. There was ~$145 billion traded in Nasdaq listed equities yesterday. That is a pointless comparison. Th
by buzzdenver 7y ago
> There was ~$107 billion in online advertising in 2018. There was ~$145 billion traded in Nasdaq listed equities yesterday.
That is a pointless comparison. That $107b was all revenue for somebody (Google, Facebook, etc), while the $145b was just the nominal value of shares traded.
(edited typo)
- nickles 7y ago> That is a pointless comparison. I was highlighting the difference between online advertising and financial markets. They operate at different scales. > That $107b was all revenue for somebody (Google, Facebook, etc), while the $145b was just the nominal value of shares traded. These are cash instruments, not derivatives, so that is indeed $145b of cash changing hands each day.
- huac 7y agonot necessarily, money has velocity; market participants don't have $145B to spend, they spend a fraction of that and then reconcile balances at the end of the day. see https://en.wikipedia.org/wiki/Clearing_(finance) https://en.wikipedia.org/wiki/Clearing_(finance)
- kasey_junk 7y agoI’ve worked in both. For the purpose of the earlier conversation, the auctions for ad exchanges happen at about 1 order of magnitude more than for exchange tradable symbols. That is to say there is no tech reason that financial exchanges couldn’t run auctions. Aside: personally I think that continuous exchanges are great & people who have problems with them usually don’t know what they are talking about.