Tech companies are making a helluva lot of money. In fact, in terms of market capitalization Apple, Alphabet, Microsoft and Facebook are now all beating their closest competitors: the oil companies.
Yes, tech is bigger than oil, and you can see just how much money these companies are making every second with this data visualization from trading information portal Penny Stocks Lab.
Do business with 5,000 people
TNW NYC is our New York technology event for anyone interested in helping their company grow.
Click above to view the full version [h/t PennyStocksLab].
Combined, they’re making more than $2,000 profit per second, or over $140,000 a minute. Of course, not all tech is the same, and Apple takes home a pretty whopping 50 percent of the cash.
But probably not that many shareholders in any of the major tech firms.
➤ Battle of the Internet Giants [Penny Stocks Lab]