Re:End of the line for Uber?
by freeone3000 on Tuesday August 10, 2021 @05:33PM
(#28134912)
Does tech eat non-tech, or do a handful of heavily invested companies selling at a loss beat out people who don't do that? Looking at the top 10 companies, three are in tech, tied with American Healthcare. 2 are finance, 2 are O&G. The internet fundamentally changed how companies do business, but really, what makes Uber a tech company -- their app? They don't sell their app. Anyone can have an app nowadays. They're a taxi company with a large network and good name recognition, and that's their key benefit.
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Top 10 by what metric? By market cap the top 10 companies are [1]:
1. Apple
2. Microsoft
3. Amazon
4. Alphabet
5. Facebook
6. Tencent
7. Tesla
8. Berkshire Hathaway
9. TSMC
10. Alibaba
With the exception of Berkshire Hathaway, these are all tech companies. And a fair chunk of Berkshire Hathaway's market cap is Apple stock [2].
[1] https://en.wikipedia.org/wiki/List_of_public_corporations_by...
[2] https://markets.businessinsider.com/news/stocks/warren-buffe...
Re:End of the line for Uber?
by freeone3000 on Wednesday August 11, 2021 @06:37PM
(#28148794)
Going off the Fortune 500 earnings listing. Market cap is an indication of valuation, not an indication of how much business a company actually does.