Re:The world’s most valuable resource is no longer oil, but ...
by nopinsight on Friday May 05, 2017 @09:51AM
(#14273404)
An estimate by a respected third party gave its valuation at just $400 billion. [1]
Even with a recent tax reduction to boost its market capitalization, most analysts believe it is not worth more than $1.5 trillion. If you consider a foreseeable future, Google could likely surpass that as its services increase in value while oil is threatened by alternative energy.
Overall, the comparison seems wrong as Saudi Aramco and Google hold different proportions of value in oil/data that exist in the world.
Even with a recent tax reduction to boost its market capitalization, most analysts believe it is not worth more than $1.5 trillion. If you consider a foreseeable future, Google could likely surpass that as its services increase in value while oil is threatened by alternative energy.
Overall, the comparison seems wrong as Saudi Aramco and Google hold different proportions of value in oil/data that exist in the world.
[1] https://www.bloomberg.com/news/articles/2017-02-23/saudi-ara...