"American’s technology superstars have launched into a completely different stratosphere than even other wildly successful companies in tech and beyond." Some incredible figures in this @ShiraOvide column: nytimes.com/2021/07/29/tec…
"The current stock market value of the Big Five ($9.3 trillion) is more than the value of the next 27 most valuable U.S. companies put together, including corporate giants like Tesla, Walmart and JPMorgan Chase."
"Apple’s profit just from the past three months ($21.7 billion) was nearly double the combined annual profits of the five largest U.S. airlines in prepandemic 2019."
"Google’s $50 billion in revenue from selling advertisements from April to June was about what Americans — all of the Americans — spent on gasoline and gas station purchases last month."
"In the past year, Amazon’s e-commerce revenue still climbed by $109 billion — an increase in a single year that Walmart needed the past nine years to reach." #fulfillment
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