Too Big To Fail

Too Big To Fail

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.

See also: 25 giant companies that are bigger than entire countries (2017)

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…

Leave a Reply