Big Tech has outgrown this planet
My colleagues and I have written a lot about the unreal sales, profits and oomph of America’s five technology titans: Apple, Microsoft, Google, Amazon and Facebook. This might feel like old news. Tech’s Titanic 5 have been big and rich for a long time, and they have gotten even more so as people and organisations have needed their products during the coronavirus pandemic. Yadda, yadda, yadda. We get it.
But no, we really do not get it. America’s technology superstars have launched into a completely different stratosphere than even other wildly successful companies in tech and beyond.
Let me give you a flavour of the bonkers-ness:
- The current stock market value of the Big Five ($9.3 trillion) is more than the value of the next 27 most valuable US companies put together, including corporate giants like Tesla,…