Just ahead of the House Judiciary Committee’s public questioning of Apple’s Tim Cook, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai, and Amazon’s Jeff Bezos on Wednesday, July 29th, Axios has shared some interesting stats that tell the story of the wealth, scale, and power of these four U.S. tech giants.
The current combined market capitalization of the four companies is roughly $5 trillion. They also constitute four of the top five most valuable American companies to trade on public markets. The other one, which is also often considered a member of the Big Tech club, is Microsoft.
Five years ago, the other six companies in the top 10 were worth about 90% of the combined market cap of the big four. Now, they’re worth about 75% as much.
– $773 billion: the four companies’ combined annual revenue at last count.
- Facebook: $70.7 billion, in the same ballpark as Venezuela’s gross domestic product.
- Alphabet: $161.9 billion, a bit north of Ukraine’s GDP.
- Apple: $260.2 billion, close to Vietnam’s GDP.
- Amazon: $280.5 billion, around Pakistan’s GDP.
Together, revenue for all four add up to roughly the GDP of Saudi Arabia.
– $420 billion: the combined total cash pile of the four firms
The big four companies virtually shape the lives of people by determining what goods they can obtain, what media they’re exposed to, how they connect with friends and family, and even how they understand the world.