I love data and I love analyzing them at the micro (cap tables) and macro level (revenues, income, employees). But I am surprised to discover that I had not posted about this since 2021:
– Tesla, Google and Facebook do not suffer from the crisis showed the grwoth of these giants as of February 2021,
– The largest technology companies in Europe and the USA in 2020 compared about 30 American and 15 European public firms as of January 2021.
What I have updated below does not see much change, except may be Google is Alphabet and Facebook is Meta. Tesla has not changed its name but Twitter is X! So with not much comment, here are first the largest technology companies in Europe and the USA in 2024 :
The conclusion is similar, US companies are about 10 times bigger in market cap. and sales, 5 times in employees number. I even fear the gap is bigger. I also love the following three charts which illustrate similarites in firm growth.
Maybe all this is not that good and has contributed to the planet destruction with being aware of it. Maybe innovation is not solving much and destroying a lot. These are just numbers as food for thought.