Amazon: $280.5 billion 2019 annual revenue, around Pakistan’s GDP;
Apple: $260.2 billion, close to Vietnam’s GDP;
Alphabet (aka Google): $161.9 billion, a bit north of Ukraine’s GDP;
Facebook: $70.7 billion, in the same ballpark as Venezuela’s GDP.
Together, revenue for all four add up to roughly the GDP of Saudi Arabia.
Monopoly? Anti-trust? Prices for consumers are getting cheaper. So who are the beneficiaries? Who are the victims?
Some stuff to think about before pressing the “1-click to buy” next time…