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thebrix
Joined: 19 Aug 2005
Posts: 526
Location: London, United Kingdom
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| Posted: Tue Jan 24, 2006 12:01 am Post subject: Highly insightful article on Google |
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There is a lot of flimflam about Google; below is one of the few decent articles I've read. (And, as it is from the London Review of Books, you can be sure you are getting the facts).
http://www.lrb.co.uk/v28/n02/lanc01_.html |
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Crash Test Dummy
Joined: 25 Sep 2005
Posts: 4911
Location: London(ish)
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| Posted: Tue Jan 24, 2006 12:17 am Post subject: |
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| google a spelling mistake :lol: :lol: |
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erolz
Joined: 11 Aug 2005
Posts: 4195
Location: Kyrenia / Girne
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| Posted: Tue Jan 24, 2006 12:36 am Post subject: |
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Interesesting article. Thanks for posting the link Alastair.
Mind boggling numbers. I already 'knew' them but every time I see them in print they boggle my mind.
Market Cap of $138 billion ! or $138,000,000,000 in long hand ! In 8 years ! Mind boggling !
Republic of Cyprus's GDP (Gross domestic product) by comparison is a mere $16 billion - about 8.5 times less than the market cap of google ! |
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Crash Test Dummy
Joined: 25 Sep 2005
Posts: 4911
Location: London(ish)
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| Posted: Tue Jan 24, 2006 12:51 am Post subject: |
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| eBay is the 49th largest economyin the world |
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cannedmoose
Joined: 12 Aug 2005
Posts: 5357
Location: National Forest, England
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| Posted: Tue Jan 24, 2006 1:38 am Post subject: |
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erolz wrote: Market Cap of $138 billion ! or $138,000,000,000 in long hand ! In 8 years ! Mind boggling !
Republic of Cyprus's GDP (Gross domestic product) by comparison is a mere $16 billion - about 8.5 times less than the market cap of google !
Market cap figures always sound outrageous, better to look at their annual turnover as an indicator their actual size. As we all know, companies that look totally healthy in market cap terms can serious plummet in a very short space of time. Remember the time when lastminute.com was THE internet company to watch... how times change.
If you looked at the market cap of the Republic of Cyprus, it would be a similarly mind-boggling figure valuing land assets, property, labour potential etc. I dread to think what the market cap of the US would be... I know that the NASDAQ and Dow Jones collective market cap is something crazy like $10 trillion ($10,000,000,000,000) |
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city
Joined: 15 Aug 2005
Posts: 3370
Location: Larnaca area
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| Posted: Tue Jan 24, 2006 3:07 pm Post subject: |
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| very interesting. Thanks for posting it. |
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