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Stock price is not market capitalization. 30-Aug-2000 GE was $580.94 billion It's never gotten above around half that valuation since. Most key divisions wer
by toss1 1y ago
Stock price is not market capitalization.
30-Aug-2000 GE was $580.94 billion
It's never gotten above around half that valuation since.
Most key divisions were sold off. You can get "GE" label appliances, but it is a Chinese company. Plastics, which invented Lexan, was sold to Sabic. On and on. It is simply not the company it was and will take decades, if ever for it to become that again.
30-July-2020 = $53.13 billion
Since then, the remaining aerospace division has recovered to $257B, but it is a different business.
edit add ref link:
https://companiesmarketcap.com/general-electric/marketcap/ https://companiesmarketcap.com/general-electric/marketcap/