Slashdot Mirror
Tech Overtakes Finance Among Top Global Companies (cityam.com)
An anonymous reader writes:Technology has stolen a march on finance, with the success of companies such as Alphabet and Microsoft helping the innovative sector surpass the traditional world of financial services among the world's top 100 companies over the past year. Technology firms in the list notched up a combined value of $3bn compared to financial firms' $2.7bn and the $2.6bn value of consumer goods companies. Apple held its position at the top of the ranking, compiled by PwC, despite losing $121bn in market value over the past year to the end of March, and the overall value of the world's top 100 firms falling four per cent -- the most significant decrease since the financial crisis, with a cash value of $668bn. Alphabet closed the gap on Apple in second place, narrowing its market capitalisation from $350bn to just $86bn, while Microsoft rounded out the top three. Facebook was in sixth position while Amazon entered the top 10 for the first time. Tech firms have better weathered more choppy conditions in the global markets, particularly conditions in China and Europe's struggle with economic growth.
After 2 paragraphs, the source material starts going gibberish with stuff like:
"plpeAveor aelhlt vdanlau e, hocfr atMh ef ow odrnled 'esh tt oopt 1r0a0e yf itrsmasp feahltl irnegv of oeuurl apve rt eckernatm -n it hneb 1m2o1s$t gsniigsnoilf iectainpts edde c,rCewaPs ey bs idneclei ptmhoec f,ignnainkcniaarl echrti sfios ,p owti tehh ta tcaa snho ivtailsuoep osft i$ 6d6l8ebhn."
Finance has been tech for quite a while now... The idea of one tech company displacing another is a way of life.
Thirty four characters live here.
$3 bil value? That's a swing in Apple's quarterly profits, not an industry's value.
http://www.accountkiller.com/removal-requested
Q: What's the difference between a bank and a tech company?
A: The bank has smaller financial reserves.
As others have pointed out here, tech companies are banks. And banks are tech companies. They are both just mechanisms for siphoning off your wealth and productivity.
You are welcome on my lawn.
If car, airplane, and defense companies are added. Are these not considered "technology"? Is an F-22 not considered "technology" anymore? Why does software and computer hardware only get counted as "technology"?