4 ms·
How is a public company worth $23B not a megacorp??
by throwaway3699 6y ago
How is a public company worth $23B not a megacorp??
- ddevault 6y agoGoogle was a very large company at $23B, but hardly a stand-out on the Fortune 500. The megacorps which are the focus of discussion - contemporary FAANG et al - are in an entirely different league, by orders of magnitude.
- BeetleB 6y agoIt really doesn't help your case when you have your own views of what a megacorp is that are way out of whack with the rest of the world. I would recommend you write your blog post math style, where you begin with definitions so that people know what you're talking about.
- ddevault 6y agoI have added a small edit which clarifies this point. However, I do not consider my definition to be "out of whack with the rest of the world".
- csomar 6y ago$23bn I think is a corp and $1trillion+ is a megacorp? What is a gigacorp? $100trillion+?
- ddevault 6y ago"Corporation" is not a unit of measure. A "unicorp" does not have a market cap of $1. "Megacorp" does not use an SI prefix - it just refers to exceptionally large companies. This is the understanding my word choice is based on.
- tomjakubowski 6y agoObviously it's $1,000 trillion
- dan-robertson 6y agoFirstly it’s a big company but it’s not that big. Obviously that’s a lot of money but eg in 2006, there were over 200 companies worth more than $30B[1] Secondly in 2004, the company mostly only did search on the internet, advertising on search terms, and adwords, whereas nowadays google do all sorts of things all over different industries. The google of today is much larger in terms of employees, market cap, and size than it was in 2004. [1] http://media.ft.com/cms/adb61f66-f7bf-11da-9481-0000779e2340.pdf http://media.ft.com/cms/adb61f66-f7bf-11da-9481-0000779e2340...