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Not so long ago, the most valuable company in the world was $200B. It feels like only a few years ago that the $1T barrier was broken. Where will this stop? Ar
by mcv 1y ago
Not so long ago, the most valuable company in the world was $200B. It feels like only a few years ago that the $1T barrier was broken. Where will this stop?
Are these companies already more valuable than the VOC at its height, when it owned entire countries? Is that where we're headed?
- lucaspauker 1y agoApple was first company to reach $1T and it happened on August 2nd, 2018
- strbean 1y agoIs it possible that a higher concentration of wealth means inflation is reflected more strongly in asset markets than it is in consumer goods? Billionaires aren't exactly buying more eggs when they have more cash, they're cash is competing for ownership of assets.
- Nifty3929 1y agoI agree with you, but I think you have cause/effect reversed. It's not that a high concentration of wealth results in high assets prices. It's that the money has nowhere else to go except into tech/AI, so those are the only assets that appreciate/inflate, and that leads to a concentration of wealth.
- pfannkuchen 1y agoTheir cash isn’t actually tied up in the asset though, per se. Whomever they buy the asset from gets the cash. A good chunk of it likely does eventually filter out into consumer goods, since people selling assets are sometimes selling to fund living expenses and not just to shift into another asset.
- deleted 1y ago[deleted]
- chung8123 1y agoI think this is a mixure of inflation and fewer places to put money
- RadiozRadioz 1y agoYes they are https://www.worldsfirststockexchange.com/2020/11/17/was-the-voc-the-most-valuable-company-ever/ https://www.worldsfirststockexchange.com/2020/11/17/was-the-... which I agree is strange
- judahmeek 1y agoFor anyone else wondering, I believe VOC stands for the Dutch East India Company, which Google & Reddit tell me was worth a maximum of about $1 billion modern dollars.