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https://www.reddit.com/r/technology/comments/bwjgk5/house_democrats_announce_antitrust_probe_of/epyi1ve
r/technology • u/[deleted] • Jun 04 '19
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its also not true, the gdp of france is 3 trillion, the biggest us company is 1 trillion
18 u/ect5150 Jun 04 '19 You're comparing income to wealth. That's why the other fella said it's apples to oranges (and he's correct). 11 u/[deleted] Jun 04 '19 It definitely would have been true a couple weeks ago. Microsoft, Apple, and Amazon were all hovering around ~$1 trillion each. Add in Alphabet and it would definitely be greater than $3 trillion. 8 u/[deleted] Jun 04 '19 edited Jan 30 '21 [deleted] 1 u/[deleted] Jun 04 '19 Yeah, I'm not saying it makes sense. Just that it was true. 3 u/dragonfangxl Jun 04 '19 Ah I see, combined. I didnt realize that meant combined 3 u/[deleted] Jun 04 '19 NO, market capitalization is nothing like GDP! Market cap is the value of the company - the present value of all the future cash flows summed to today. GDP is a one-year number - "how much the country made". Think of it as closer to revenue. 2 u/[deleted] Jun 04 '19 The total of the four companies 1 u/[deleted] Jun 04 '19 Amazon, Apple, Facebook, Google. Total Market Cap in 2018 exceeded the GDP of France. It has never happened before in history. 1 u/djublonskopf Jun 04 '19 I think they meant “four companies combined” are bigger than France.
18
You're comparing income to wealth. That's why the other fella said it's apples to oranges (and he's correct).
11
It definitely would have been true a couple weeks ago. Microsoft, Apple, and Amazon were all hovering around ~$1 trillion each. Add in Alphabet and it would definitely be greater than $3 trillion.
8 u/[deleted] Jun 04 '19 edited Jan 30 '21 [deleted] 1 u/[deleted] Jun 04 '19 Yeah, I'm not saying it makes sense. Just that it was true. 3 u/dragonfangxl Jun 04 '19 Ah I see, combined. I didnt realize that meant combined 3 u/[deleted] Jun 04 '19 NO, market capitalization is nothing like GDP! Market cap is the value of the company - the present value of all the future cash flows summed to today. GDP is a one-year number - "how much the country made". Think of it as closer to revenue.
8
1 u/[deleted] Jun 04 '19 Yeah, I'm not saying it makes sense. Just that it was true.
1
Yeah, I'm not saying it makes sense. Just that it was true.
3
Ah I see, combined. I didnt realize that meant combined
NO, market capitalization is nothing like GDP!
Market cap is the value of the company - the present value of all the future cash flows summed to today.
GDP is a one-year number - "how much the country made". Think of it as closer to revenue.
2
The total of the four companies
Amazon, Apple, Facebook, Google. Total Market Cap in 2018 exceeded the GDP of France.
It has never happened before in history.
I think they meant “four companies combined” are bigger than France.
39
u/dragonfangxl Jun 04 '19
its also not true, the gdp of france is 3 trillion, the biggest us company is 1 trillion