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In May 2017, the combined market capitalization of the top 10 publicly traded Bay Area companies was $2,588 Billion. Today, it's $8,783 Billion. That's an IRR
by 11thEarlOfMar 5y ago
In May 2017, the combined market capitalization of the top 10 publicly traded Bay Area companies was $2,588 Billion.
Today, it's $8,783 Billion.
That's an IRR of 31% over the last 5 years.
It's hard to see that as declining. Company culture and social circumstances are changing, yes. But the companies are doing just fine.