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> Combined FAANG (say 10 biggest tech companies) is over 5 trillion dollars, more than a lot of countries' GDPs with sovereignty. That's apples and oranges. M
by IncRnd 6y ago
> Combined FAANG (say 10 biggest tech companies) is over 5 trillion dollars, more than a lot of countries' GDPs with sovereignty.
That's apples and oranges. More apt is the comparison of FAANG revenue to GDP.
- evanb 6y agoThis is one of my biggest pet peeves---GDP is a rate! The units are often quoted as dollars [or equivalent] but they're actually dollars/year. Or, put another way, they're the rate, but integrated over a definite time period (1 year) from which you can only extract an average rate.