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Google, Apple, Facebook, Amazon, Nvidia, Cisco, Oracle, et al make a bajillion dollars a year. The faangs are the most profitable companies in the world (swap
by treis 5mo ago
Google, Apple, Facebook, Amazon, Nvidia, Cisco, Oracle, et al make a bajillion dollars a year. The faangs are the most profitable companies in the world (swap Nvidia for Netflix)
- tombert 5mo agoEven with those companies, the stock prices are stupidly inflated, but even granting them being profitable that’s still only like six companies. Thats like 1% of the s&p 500. A ton of SV companies, and I think maybe the majority, especially startups are not profitable.