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>Today, Verisign is the single most profitable company in the stock market, a great example of an economic termite This is just blatantly false. VeriSign is in
by nv-vn 2y ago
>Today, Verisign is the single most profitable company in the stock market, a great example of an economic termite
This is just blatantly false. VeriSign is in fact the 1215th most profitable company in the stock market [1]. By operating margin, it's 155th [2]. I find it hard to give an article much credit when I can't even get past the introduction without having to comb through citationless false/misleading statements.
[1] https://companiesmarketcap.com/most-profitable-companies/page/13/ https://companiesmarketcap.com/most-profitable-companies/pag...
[2] https://companiesmarketcap.com/top-companies-by-operating-margin/page/2/ https://companiesmarketcap.com/top-companies-by-operating-ma...
- snozolli 2y agoVerisign has a profit of around $1B with around 1k employees. Ingersoll Rand has around 18k employees. SBI holdings has around 19k. Beiersdorf has around 21k. I don't know what the author was thinking or why it was phrased that way, but Verisign seems vastly more profitable per employee than others on the list. Also, I have no idea why they even need ~1k employees.
- nv-vn 2y agoTbf, this is page 13 of the list. If you go to the first page, Saudi Aramco made $230B with 73k employees according to their website. This is still ~3x as much profits/employee as VeriSign. FAANGs are pretty comparable as well. It's definitely a very profitable company _per employee_, but I fail to find a metric where Verisign can be described as the most profitable public company