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.
“This event was off the charts”
Gary Vaynerchuk was so impressed with TNW Conference 2016 he paused mid-talk to applaud us.
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]