4 ms·
This isn't even close to being true.
by theevilsharpie 5y ago
This isn't even close to being true.
- caturopath 5y agoIt's not quite half a percent by most accounts of GWP, but it's around there.
- theevilsharpie 5y ago0.5% of global GDP would be more reasonable, although a fraction is an odd way of writing it. It also doesn't tell us much other than Google and Facebook are large companies with significant earnings. You can probably provide a similar percentage for VW/Toyota, Boeing/Airbus, Walmart/Amazon, or any other pair of large companies that are the leaders in their respective markets. Indeed, if you lumped the entire Fortune 500 together, they're probably make up a sizable portion (if not the majority) of world GDP.
- kgwgk 5y agoWalmart on its own has more revenue than Google and Facebook combined.
- Diederich 5y agoYup, WMT most recently reported $566B in revenue.
- klelatti 5y ago1/2 = 0.5 last time I checked but if you find 0.5 more reasonable that's fine. Seriously though, Wal-Mart has $500 billion revenues but it's not growing at the rate of these companies. By lots of metrics these companies are increasingly globally significant in a way that most of the examples you quote aren't.
- beambot 5y agoWorld GDP is $80T. Google's run-rate is $240B revenue and Facebook's is $116B. That's $356B / $80T => 0.445%. Close enough for internet math.