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"Google, which went public in 2004 -- 84 years after Exxon..."

parislemon:

Brian Womack:

Google, which became the world’s largest online advertiser through its dominant search engine, had a higher market capitalization during intraday trading today before falling back at the close in New York to a value of $395.4 billion compared to Exxon’s $395.7 billion, according to data compiled by Bloomberg. Apple had a market value of $463.5 billion. Software company Microsoft Corp. is No. 4 with $303.5 billion.

Technology companies are establishing themselves as key players worldwide as they disrupt industries from retail to finance. Google, which went public in 2004 — 84 years after Exxon — has benefited from consumers moving to online services and content, a trend that’s being accelerated by the growing popularity of smartphones and tablets.

I suspect we’ll see quite a few more tech companies ahead of Exxon in the coming years. Progress.

First of all Exxon is a tech company. Secondly, why is a larger market cap considered progress?

  1. zabotage reblogged this from parislemon
  2. ronenreblogs reblogged this from parislemon and added:
    Yeeeeeah, but all those oil companies in the top ten used to be one oil company, before the federal government forced it...
  3. transpondster reblogged this from parislemon and added:
    I fail to see why this is ‘progress’ in and of itself. Is this post trying to say that Google is ‘better’ than Exxon?...
  4. wiseoldboy reblogged this from parislemon
  5. davidson1point0 reblogged this from parislemon and added:
    First of all Exxon is a tech company. Secondly, why is a larger market cap considered progress?
  6. parislemon posted this