3 ms·
> Times are tough after your golden goose dies. Which golden goose has died or is going to? Tech profits are through the roof and have never been better, while
by adventured 5y ago
> Times are tough after your golden goose dies.
Which golden goose has died or is going to? Tech profits are through the roof and have never been better, while growth continues unabated. The only thing big tech is facing are speeding fines and regional constraints on growth, which it can trivially afford (it has been a decade of the same talk while big tech has gotten massively bigger).
Operating income: Apple $117 billion, Microsoft $78b, Google $78b, Facebook $46b, Amazon $25b, Intel $22b, Cisco $14b, Oracle $11b, Qualcomm $11b, Nvidia $10b, Micron $10b, Broadcom $10b, Texas Instruments $9b, Applied Materials $8b, Adobe $6b, Netflix $6b
For reference ASML is at $7b and SAP is at $5b.
The US tech golden goose is going to get bigger and richer yet. It should only take you a few moments to estimate reasonably where eg Microsoft is going this decade (~$140+ billion in operating income, probably the size of all of Europe's tech companies op income combined in one company).
- vernie 5y agoI’m talking about Greenwald and Snowden.
- refurb 5y agoDid you have a rationale argument against the points he raises? Or just trying to smear him?
- bavell 5y agoSeems like just another low-effort dig at greenwald? He's got haters for sure but they never seem to have substantive arguments... or at least none that I've seen.
- pessimizer 5y agoGreenwald reply guys are probably the second vilest on the internet after Ilhan Omar reply guys.
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- vernie 5y agoMust be cozy living in a bubble that small.
- deleted 5y ago[deleted]