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Does tech eat non-tech, or do a handful of heavily invested companies selling at a loss beat out people who don't do that? Looking at the top 10 companies, thre
by freeone3000 5y ago
Does tech eat non-tech, or do a handful of heavily invested companies selling at a loss beat out people who don't do that? Looking at the top 10 companies, three are in tech, tied with American Healthcare. 2 are finance, 2 are O&G. The internet fundamentally changed how companies do business, but really, what makes Uber a tech company -- their app? They don't sell their app. Anyone can have an app nowadays. They're a taxi company with a large network and good name recognition, and that's their key benefit.
- jonas21 5y agoTop 10 by what metric? By market cap the top 10 companies are [1]: 1. Apple 2. Microsoft 3. Amazon 4. Alphabet 5. Facebook 6. Tencent 7. Tesla 8. Berkshire Hathaway 9. TSMC 10. Alibaba With the exception of Berkshire Hathaway, these are all tech companies. And a fair chunk of Berkshire Hathaway's market cap is Apple stock [2]. [1] https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization https://en.wikipedia.org/wiki/List_of_public_corporations_by... [2] https://markets.businessinsider.com/news/stocks/warren-buffett-90-billion-apple-stake-20-percent-berkshire-hathaway-2020-6 https://markets.businessinsider.com/news/stocks/warren-buffe...
- freeone3000 5y agoGoing off the Fortune 500 earnings listing. Market cap is an indication of valuation, not an indication of how much business a company actually does.