Big Tech has crossed this planet

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Big Tech’s big bucks are already even bigger.

My colleague And i wrote a lot About the unrealistic sales, profits, and vibrancy of five American technology giants: Apple, Microsoft, Google, Amazon, and Facebook. This may feel like old news. Tech’s Titanic 5 has long been big and rich, but we got more because people and organizations needed the product during the coronavirus pandemic. Yadda, Yadda, Yadda. understood.

But no, we really haven’t got it. American tech superstars have entered the stratosphere, unlike any other tech and other highly successful company.

I’ll give you a Bonker-like taste:

  • The current stock market value of the Big Five ($ 9.3 trillion) is Next 27 Data from S & P Global Market Intelligence show that it brings together the most valuable US companies, including major companies such as Tesla, Wal-Mart and JP Morgan Chase.

  • Apple profits Over the past three months ($ 21.7 billion), it has nearly doubled the total annual profits of the five largest US airlines in 2019 before the pandemic.

  • Jeff Bezos due to rising Amazon stock price Very wealthy He was able to buy a new model iPhone for 200 million people, and he would still be a millionaire.

  • Google’s $ 50 billion revenue What did Americans do from selling ads from April to June? All Americans — — Spent on gasoline Purchased a gas station last month.

  • LinkedIn, one of Microsoft’s side businesses, has nearly four times the annual revenue of its pandemic star Zoom Video Communications over the past year.

  • Facebook expects Exxon to run out of more cash in its computer hubs and offices in 2021 than it spends around the world digging oil and gas out of the ground in a year.

  • Amazon It fell short of investor expectations on Thursday. However, over the past year, Amazon’s e-commerce revenue has still increased by $ 109 billion. This is the one-year increase that Wal-Mart needed to reach the last nine years.

I now know that many strange things are happening in the US economy. But I can’t fully explain how unusual these numbers are from the tech superpowers.Maybe that’s why I wanted Bezos Touching outer space; The Big Tech giant has crossed the earth.

More clearly than ever, American tech giants form another universe, the sun, and everyone else (billions of people, other businesses, the whole country, government) surrounds them. It’s just a spinning planet.

Perhaps even more surprising than the size and size of these companies is that, in most cases, profitability has improved in what could or should have been a profit-damaging economic situation. is.

I’m confused by Amazon and Apple that these companies have probably been showing higher profit margins for years. The pandemic has forced these companies to reorganize their factories and warehouses, deal with global transportation disruptions, scramble for missing parts, and spend large sums of money to keep workers safe. But that happened.

That turmoil and unplanned spending would have reduced the profitability of the company, but no more. (Apple was a little surprised this week by saying it’s struggling to get all the parts it needs in the coming months.)

What does this mean? Well, for one thing, parliamentarians and the Attorney General may ask by looking at the numbers. As big tech companies say, if they face fierce competition and can die at any time, can profit margins continue to rise like this? ??

Logic suggests that if a company is fighting many rivals, it will need to lower prices, which can reduce profit margins.So How about facebook Turn $ 1 on almost any revenue from the ads you sell into a profit of 43 cents. This is a level that most businesses can dream of, higher than Facebook posted before the pandemic.

I’ve been asking many times in this newsletter if the American Big 5 tech Titans are invincible. As the gap between ultra-rich tech superstars and mere superstars continues to widen, I’m starting to believe the answer is yes.

A red monster mascot appeared on the field in a Japanese baseball game.I swallowed the guard and spit it out Without his uniform. It’s less menacing than I expected.

Big Tech has crossed this planet

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