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How much of the $20 trillion US economy so you think this is? If WeWork was a $40 billion dollar company it would be .2% of the economy. Apple, Google, and Ama
by wil421 7y ago
How much of the $20 trillion US economy so you think this is? If WeWork was a $40 billion dollar company it would be .2% of the economy. Apple, Google, and Amazon combined are about 4-5%.
- claudeganon 7y agoThat’s what I wish could be sussed out to a greater degree actually. How much of the US economy is comprised of things like tech scams, MLMs, various cults, etc. and what influence does this have on how businesses function more broadly and what is seen as legitimate. I’ve looked around, but there are only a few books on the history of things like MLMs and this good podcast about them called The Dream: https://www.stitcher.com/podcast/stitcher/the-dream https://www.stitcher.com/podcast/stitcher/the-dream
- erikpukinskis 7y ago10% is outright fraud or bait and switch. About 60% is just racketeering (not exactly scams, but products and services they buyer can’t really refuse... Comcast, cigarettes, etc) and 30% is actual services and production.
- PhilWright 7y ago$20 trillion is the yearly output of the US economy. A fair comparison would therefore be the revenue of WeWork for a year, which was $1.82 billion for 2018. That makes WeWork about 1/11000th of the economy and so about 0.0091% of the economy.
- wil421 7y agoI was trying to be extremely generous with my numbers. Your comment makes a lot of sense now that I think about.