> But, if we do some major, major rounding, and assume that the tech industry is the sum of its top companies, at $1 trillion/year, $45 billion is about 5% of t

> But, if we do some major, major rounding, and assume that the tech industry is the sum of its top companies, at $1 trillion/year, $45 billion is about 5% of the industry. > So, what happens when 5% of any industry is controlled by parties that are not direct shareholders? This seems like an odd comparison to force arrival at a number as high as "5%", not including the rounding. Why would you compare a single investment of $45B to annual revenue? Control would imply ownership, so I'd expect the comparison to be to the summed market cap of those companies, which is obviously higher than $1T.