Apple’s $1 trillion mark is even more notable because… the company was almost bankrupt 2 decades ago. In 1996, the company lost $867 million and the total value of its shares was less than $3 billion.https://www.nytimes.com/2018/08/02/technology/apple-stock-1-trillion-market-cap.html …
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For reference, Apple going from $3 billion to $1,000,000,000,000 looks a little something like this: https://www.nytimes.com/interactive/2018/08/02/technology/apple-trillion-market-cap.html …pic.twitter.com/uzOtbfmmCZ
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Put another way, at $1 trillion, Apple is now worth more than the entire American media industry https://www.nytimes.com/interactive/2018/08/02/technology/apple-trillion-market-cap.html …pic.twitter.com/mgQ33z5gxU
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But the $1 trillion milestone has implications for more than just Apple — it also reflects the rise of powerful megacompanieshttps://www.nytimes.com/2018/08/02/business/apple-trillion.html …
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NYT markets reporter
@MatthewPhillips writes, “Economists are starting to look into whether the rise of so-called superstar firms is contributing to the lackluster wage growth, shrinking middle class and rising income inequality in the United States”https://www.nytimes.com/2018/08/02/business/apple-trillion.html …Show this thread
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Companies like Apple and Disney profit billions, get tons of tax breaks, receive billions in corporate welfare from our tax dollars.. Yet are complaining about having to pay their employees a livable wage.pic.twitter.com/PHsf497ZXf
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I appreciate
@apple since I have an iphone, but they need to do better with replacing weak cords for free. Use some money for that!Thanks. Twitter will use this to make your timeline better. UndoUndo
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Damnnnnnn........
@Apple can y'all pay my back taxes off please????#ImSoSeriousThanks. Twitter will use this to make your timeline better. UndoUndo
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NY Times employs racists
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It would be cool if you could extend this view and look year over year at the makeup of the S&P over time.
@michaelbatnick -
I can't do that.
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Wasn’t suggesting you do, but maybe our friends
@nytimes would be interested. Was inspired to tag you here bc your original post drove my idea.
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Considering how much they charge for apple devices, it's not really surprising, is it? MacBook Pro: $2,399.00 IMacPro: $4,999.00 IPhone: $760-$1,000. Prices from Apple website.
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Well...I think they deserve another tax cut...congratulations!
#IdiocracyThanks. Twitter will use this to make your timeline better. UndoUndo
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As I understand it, Tim Cook is, get this, WHITE. Can you get your Editorial Board new hire Sarah Jeong to do an in-depth, deep-dive on how Tim Cook’s and Steve Job’s whiteness ruined Apple?
#FireSarahJeongpic.twitter.com/mJIcD4ypxT
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Stop hiring racists
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Why are we not
#Taxing@Apple for the better good of#Americans.#Apple is an open source of money that can be used to help the#poor,#homeless and#disenfranchised#minorities.@Apple does not need that much#money and the wealth needs#redistribution#livablewage#basicincomeThanks. Twitter will use this to make your timeline better. UndoUndo
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