Google’s parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.
Google is now the world’s fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.
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Megacorps was so 2000late, now we are into Terracorps.
*Terrorcorps
*terranocorps
Long live the Terran Empire!
How the hell is Nvidia worth more?
Why is this kind of market cap even possible?
This makes no sense on all fronts…
I think that they’re considered to be well-positioned to extract a ton of money from companies that want to do parallel computing, AI and suchlike.
Between crypto mining and AI, there are a lot of companies buying Nvidia hardware.
NVIDIA has double the PE Ratio. It’s an indicator that people are just hyped up about AI.
Not just AI. There’s whole new verticals that use GPUs now. Specifically vehicles.
They’re the main server hardware supplier around, especially when it comes to new tech areas like generative technology and things that require a lot of computation.
I know why. But you’ll have to wait until next year to ask AI me why.
Tainted by the blood of Palestinian children
I’m out of the loop, what’s Google’s involvement in that?
In short, Google fires all employees that as much as think about supporting Palestine.
Look up Project Olympus and Israel’s use of AI (Lavender/The Gospel). Many inside the company have good reason to believe that Google/Amazon is powering the AI that is leading to the indiscriminate killings.
So Apple became the first trillion dollar company and ~5 years later Google becomes
the firstA* 2 trillion dollar company. That rate of growth sounds inflated and unrealistic.[edit] updated to reflect corrections based on u/TheRealKuni@lemmy.world 's pedantry
Google becomes the first 2 trillion dollar company.
Except no, because Google is still worth less than nVidia, Apple, and Microsoft. So one of them was the first $2 trillion company.
the android keyboard is still laggy as fuck so i can’t type for shit on my phone
Moneywise maybe but its losing real life value very fast!
A bunch of zeros in an electronic economic system what didn’t even exist in the reality.
So you think we should only use a goods-based bartering economy?
Or Roman numerals!
I tried to convert 2 trillion to Roman numerals found out they never used M, instead it’s either using an Etruscan system where you’d have something like CCCCCCIƆƆƆƆƆƆƆƆ or an X with some lines above it that I can’t write.
Unicode has a “combining overline” character (U+305). Just stick it after the character you want. I’m on Android, and could use “UnicodePad”.
X̅
I think that trying to represent it like that would exceed the comment length limit on the Threadiverse, though.
I like big butts!
No, but a derivatives market that is apparently worth more than the world’s GDP times 100 really doesn’t make sense.
There is nuance between abolishing money and having Wall Street own every major company and selling parts of each many times over.
Why are you trying to reason with a person that says nonsensical things like that? You’re wasting your time and effort. It’s ok to just downvote and move on.
Some people see the value in trying. But yes, sometimes it’s hopeless.
The first trillion sheep company
That’s a whole lot of sheep.
At least something real would be better in my POV TBH…
I make wool.
You make bricks.
I need your bricks, but you don’t need wool.
How do i buy your bricks?
Simple. You trade wool for a club, then use the club to take the bricks. Finally, use the club to take back your wool. Perfect economic system!
Sounds like bronze age orientation day.
I’m not talking about the concept and use of money(which it’s supposed to be backed in something real) I’m talking about the electronic system of money, which are just an unreal electronic bunch of numbers backed up in nothing, maybe if the countries economies return to be backed at least in something real it would be better for the world’s economy.
Edit: to give you a practical example, do you think if you add up the money that supposedly exists in all the banks worldwide, is there something physically real that represents that value? Or what is the same, could you buy everything that exists and still have money left over?
The actual problem it’s modern economy it’s backed in nothing else than zeros into an electronic economic system, so it will only benefit to the most wealthy 1%.
(which it’s supposed to be backed in something real)
If you’re talking about a gold standard, no. It resulted in huge economic instability.
https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea
If you’re talking about an oil standard, fuck no. For obvious reasons.
If you’re talking about some other standard that wouldn’t have the gold standard problems? What would it be?
Paper money is often backed up by nothing. It’s a little scrap of paper that only has value because we’ve all agreed it has value.
At least paper money it’s something real, what about adding and quitting zeros in a LCD panel? Using it correctly you can make countries go to the fuck and other countries have a great economy. Even more if it’s a centralized economic system.
What do you mean by “real”? The paper is literally worthless by itself. It’s only worth anything because we’ve all agreed on it. It’s the same exact situation with the digital zeros and ones.
