Will Big Tech rule the world? From tr4head at theburningplatform.com:
The Big Tech CV19 fix is in. Brick and mortar is dead and gone and replaced with virtual, for your own protection. And, for your kids (it’s always the kids). Big Tech has come to save the day!
No disrespect intended to the great Mighty Mouse who fought the bad guys, but what better world could the likes of Bezos, Zuckerberg, Cook, Gates and all the other Big Tech Internet mongering Robber Barons get than what is on the near horizon? CV-19 tm allows Big Tech to be “Save the Day” heroes by claiming to keep us healthy living in a virtual world. This will, unfortunately, make all the rest of us poor as dirt by comparison to their wealth which is already insanely and disproportionately high, and grows ever larger with each money printing Fed fiasco.
As of August 12, 2020, here are the combined stock equity value totals of just the top 5 of the S&P 500 (in descending order of insanity).
Apple. $1.93 Trillion
Amazon. $1.58 Trillion
Microsoft. $1.59 Trillion
Google. $1.02 Trillion
Facebook. $.740 Trillion (what a slacker)
Big Tech Top 5 Combined Equity: $6.86 Trillion*
*Japan Nominal GDP: $5.15 Trillion
The S&P 500 is 80% of the entire market value of all of the companies in America. The top 5 Tech companies represent 1% of the top 500 companies in America and have 25% of the stock equity. If that doesn’t mean that Big Tech rules I don’t know what does.