Want to keep the TNW Conference vibe going?? Tickets for TNW2022 are available now >>

The heart of tech

This article was published on February 4, 2016

Watch how much money Apple, Google and Facebook are making every single second

Watch how much money Apple, Google and Facebook are making every single second Image by: AFP
Kirsty Styles
Story by

Kirsty Styles

Reporter

Kirsty Styles is a journalist who lives in Hackney. She was previously editor at Tech City News and is now a reporter at The Next Web. She l Kirsty Styles is a journalist who lives in Hackney. She was previously editor at Tech City News and is now a reporter at The Next Web. She loves tech for good, cleantech, edtech, assistive tech, politech (?), diversity in tech.

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.


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.

You may notice Twitter, Pandora and Yelp, all still struggling to take home any cash, stay in the red.

Some people think wealth accumulation in Silicon Valley is starting to cause a problem for the global economy. Others think tech companies should pay more tax on their profits.

But probably not that many shareholders in any of the major tech firms.

Battle of the Internet Giants [Penny Stocks Lab]