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Standard Oil had ~90% of refined oil in the United States. Google generates ~63% of all searches [1], with Bing ~25%. I'd hardly call that unchallenged or Stan

Standard Oil had ~90% of refined oil in the United States. Google generates ~63% of all searches [1], with Bing ~25%. I'd hardly call that unchallenged or Standard Oil sized. And as eyes move from search ads to places like Facebook or other platforms, they stand to lose more and more as they don't control where people are. Being so dependent on one source of revenue is very dangerous for them. Interesting fact: Rockefeller's worth was 1-2% of US GDP, which in that metric would be $500 billion - $1 trillion now. [1] https://www.statista.com/statistics/267161/market-share-of-search-engines-in-the-united-states/ https://www.statista.com/statistics/267161/market-share-of-s...

leereeves 7y ago
> Rockefeller's worth was 1-2% of US GDP, which in that metric would be $500 billion - $1 trillion now. US GDP is around $20 trillion so 2% would be $400 billion. Google is worth twice that with an $800 billion market cap, or 4% of US GDP.
- charlesdaniels 7y ago
  I was curious and looked up some sources... Here is the source on Google being 4% of US GDP: [0] Rockefeller being worth 1-2% of US GDP is sourced from [1] on his Wikipedia page. Math checks out. More fun facts: Apple is also around 4% [2]. Microsoft is around 5% [3]. Outside of the tech space... Walmart is around 1.5% [4]. Goldman Sachs is around 0.35% [5]. McDonalds is at ~ 0.08% [6]. Boeing is hovering at about 1% [7]. 0 - https://www.wolframalpha.com/input/?i=%28google+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28google+market+cap%2... 1 - http://www.history.com/news/10-things-you-may-not-know-about-john-d-rockefeller http://www.history.com/news/10-things-you-may-not-know-about... 2 - https://www.wolframalpha.com/input/?i=%28apple+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28apple+market+cap%29... 3 - https://www.wolframalpha.com/input/?i=%28microsoft+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28microsoft+market+ca... 4 - https://www.wolframalpha.com/input/?i=%28walmart+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28walmart+market+cap%... 5 - https://www.wolframalpha.com/input/?i=%28goldman+sachs+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28goldman+sachs+marke... 6 - https://www.wolframalpha.com/input/?i=%28mcdonalds+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28mcdonalds+market+ca... 7 - https://www.wolframalpha.com/input/?i=%28boeing+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28boeing+market+cap%2...
  - zelly 7y ago
    This lines up with my intuition. 60% of search > 90% of oil. Search obviously also has no physical upper limit like oil utilization.
- ChrisLomont 7y ago
  >US GDP is around $20 trillion so 2% would be $400 billion. Oops - correct :) I mentioned Rockefeller's worth, not Standard Oil. Comparing Google to Rockefeller is apples to oranges. Standard Oil was worth far more than Rockefeller. Google founders are each worth ~$50B, 0.25% of GDP.

leereeves 7y ago

> Rockefeller's worth was 1-2% of US GDP, which in that metric would be $500 billion - $1 trillion now. US GDP is around $20 trillion so 2% would be $400 billion. Google is worth twice that with an $800 billion market cap, or 4% of US GDP.

charlesdaniels 7y ago
I was curious and looked up some sources... Here is the source on Google being 4% of US GDP: [0] Rockefeller being worth 1-2% of US GDP is sourced from [1] on his Wikipedia page. Math checks out. More fun facts: Apple is also around 4% [2]. Microsoft is around 5% [3]. Outside of the tech space... Walmart is around 1.5% [4]. Goldman Sachs is around 0.35% [5]. McDonalds is at ~ 0.08% [6]. Boeing is hovering at about 1% [7]. 0 - https://www.wolframalpha.com/input/?i=%28google+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28google+market+cap%2... 1 - http://www.history.com/news/10-things-you-may-not-know-about-john-d-rockefeller http://www.history.com/news/10-things-you-may-not-know-about... 2 - https://www.wolframalpha.com/input/?i=%28apple+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28apple+market+cap%29... 3 - https://www.wolframalpha.com/input/?i=%28microsoft+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28microsoft+market+ca... 4 - https://www.wolframalpha.com/input/?i=%28walmart+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28walmart+market+cap%... 5 - https://www.wolframalpha.com/input/?i=%28goldman+sachs+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28goldman+sachs+marke... 6 - https://www.wolframalpha.com/input/?i=%28mcdonalds+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28mcdonalds+market+ca... 7 - https://www.wolframalpha.com/input/?i=%28boeing+market+cap%29+%2F+%28US+GDP+2019%29 https://www.wolframalpha.com/input/?i=%28boeing+market+cap%2...
- zelly 7y ago
  This lines up with my intuition. 60% of search > 90% of oil. Search obviously also has no physical upper limit like oil utilization.
ChrisLomont 7y ago
>US GDP is around $20 trillion so 2% would be $400 billion. Oops - correct :) I mentioned Rockefeller's worth, not Standard Oil. Comparing Google to Rockefeller is apples to oranges. Standard Oil was worth far more than Rockefeller. Google founders are each worth ~$50B, 0.25% of GDP.