- The top technology firms surpassed oil companies in wealth
- Apple beat ExxonMobile with biggest annual profit in history; $53.4bn
- Some say wealth accumulation is causing problems in global economy
- Others feel internet giants should have to pay more taxes on profits
Apple, Alphabet, Microsoft and Facebook generate more than $2,000 in combined profits every second, and $140,000 every minute.
And by far the biggest winner is Apple, taking away 50 per cent of that profit, research shows.
The findings come from an interactive graph created by Penny Stocks Lab that displays how much profit and revenue internet giants of the world accumulate – in real time.
The graph also shows Twitter, Pandora and Yelp are struggling to turn a profit.
Apple,
Alphabet, Microsoft and Facebook are generating more than $2,000 in
profit every second, which is $140,000 a minute and 50 percent of it
belongs to Apple. The findings come from an interactive graph created by
Penny stocks Lab that displays how much profit and revenue internet
giants of the world accumulate Continue Reading...
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