4 ms·
As GDP's go, Apple is the 8th largest country on earth by market cap. I know this is a bad equivalency, but they have VASTLY outsized influence with those 80,00
by TheRealDunkirk 5y ago
As GDP's go, Apple is the 8th largest country on earth by market cap. I know this is a bad equivalency, but they have VASTLY outsized influence with those 80,000 employees because of the wealth they generate.
With recent moves like Walmart creating in-house health care options, and Salesforce offering to move people out of Texas because of their abortion laws, our late-stage capitalism is morphing into the cyberpunk dystopia predicted by sci-fi writers 30-40 years ago. It's starting to matter more what company you work for, rather than what country you live in.
- KingOfCoders 5y agoThe market cap of a country (with people, companies, land, resourc s,...) is 10-100x it's GDP, just like the market cap of companies has a multiplier over its revenue.
- nradov 5y agoComparing GDP to market capitalization is meaningless. If you want to make a useful comparison then GDP is more akin to gross profit.
- my123 5y agoRevenue, not gross profit.
- nradov 5y agoGross profit, not revenue. ”The GDP is the total of all value added created in an economy. The value added means the value of goods and services that have been produced minus the value of the goods and services needed to produce them, the so called intermediate consumption." https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Beginners:GDP_-_What_is_gross_domestic_product_(GDP) https://ec.europa.eu/eurostat/statistics-explained/index.php...?