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These companies may be smaller than FAANG, but I also feel that if BASF disappeared overnight it would have a larger impact on the world than if Facebook disapp
by Tainnor 1y ago
These companies may be smaller than FAANG, but I also feel that if BASF disappeared overnight it would have a larger impact on the world than if Facebook disappeared.
HN is sometimes incredibly biased towards consumer tech.
- deleted 1y ago[deleted]
- jjaksic 1y agoDefine "impact on the world". Facebook has massive impact (arguably net-negative). I haven't heard of BASF since 5.25 floppies, though I'm sure they produce some very important things. Did you mean positive impact? Physical impact?
- tsimionescu 1y agoAre you working in a business that buys chemical products for manufacturing? If not, why would you interact with BASF? This is exactly what the GP was saying: you're looking at B2C companies as if they matter more, when in reality the vast majority of commerce (but not profits) is B2B.
- FireBeyond 1y agoHmmm, let's see - a lot of the chemicals for polyurethane foams. Ammonia, acetylene, formic acid, butanediol. Engineering plastics used in automotive and electronics applications. Styrenes for same. Automotive OEM and refinish coatings - one of the bigger suppliers. Industrial coatings and paints. Some of the bigger fungicides, herbicides, insecticides. Catalytic converter components, battery components, cathodes, etc.
- troupo 1y ago> I haven't heard of BASF since 5.25 floppies Oh, you know, it's only largest chemical producer in the world. Oh, I'm sure they produce some very important things, but it can't hold a candle to Facebook.