Google’s parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.
Google is now the world’s fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.
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A bunch of zeros in an electronic economic system what didn’t even exist in the reality.
So you think we should only use a goods-based bartering economy?
At least something real would be better in my POV TBH…
I make wool.
You make bricks.
I need your bricks, but you don’t need wool.
How do i buy your bricks?
I’m not talking about the concept and use of money(which it’s supposed to be backed in something real) I’m talking about the electronic system of money, which are just an unreal electronic bunch of numbers backed up in nothing, maybe if the countries economies return to be backed at least in something real it would be better for the world’s economy.
Edit: to give you a practical example, do you think if you add up the money that supposedly exists in all the banks worldwide, is there something physically real that represents that value? Or what is the same, could you buy everything that exists and still have money left over?
The actual problem it’s modern economy it’s backed in nothing else than zeros into an electronic economic system, so it will only benefit to the most wealthy 1%.
Paper money is often backed up by nothing. It’s a little scrap of paper that only has value because we’ve all agreed it has value.
At least paper money it’s something real, what about adding and quitting zeros in an LCD panel? Using it correctly you can make countries go to the fuck and other countries have a great economy. Even more if it’s a centralized economic system.
What do you mean by “real”? The paper is literally worthless by itself. It’s only worth anything because we’ve all agreed on it. It’s the same exact situation with the digital zeros and ones.
so you only use paper money, dont get paid via direct deposit, dont use any modern banking mechanisms like debit cards linked to your bank account?
how do you even function?
(which it’s supposed to be backed in something real)
If you’re talking about a gold standard, no. It resulted in huge economic instability.
https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea
If you’re talking about an oil standard, fuck no. For obvious reasons.
If you’re talking about some other standard that wouldn’t have the gold standard problems? What would it be?
Simple. You trade wool for a club, then use the club to take the bricks. Finally, use the club to take back your wool. Perfect economic system!
Sounds like bronze age orientation day.
No, but a derivatives market that is apparently worth more than the world’s GDP times 100 really doesn’t make sense.
There is nuance between abolishing money and having Wall Street own every major company and selling parts of each many times over.
Why are you trying to reason with a person that says nonsensical things like that? You’re wasting your time and effort. It’s ok to just downvote and move on.
Or Roman numerals!
I tried to convert 2 trillion to Roman numerals found out they never used M, instead it’s either using an Etruscan system where you’d have something like CCCCCCIƆƆƆƆƆƆƆƆ or an X with some lines above it that I can’t write.
Unicode has a “combining overline” character (U+305). Just stick it after the character you want. I’m on Android, and could use “UnicodePad”.
X̅
I think that trying to represent it like that would exceed the comment length limit on the Threadiverse, though.
The first trillion sheep company
Tainted by the blood of Palestinian children
I’m out of the loop, what’s Google’s involvement in that?
In short, Google fires all employees that as much as think about supporting Palestine.
its ok to think it, but its not ok to voice it - especially on company time or using a company platform
Yet it’s somehow okay for the company to voice political opinions, and it’s also okay to voice political opinions that are in line with the CEO’s opinions on company time.
It’s not okay, it’s legal. This argument gets incessantly downvoted on Lemmy. No one is arguing ethics. They’re just citing the law.
Speaking as someone who has attended many protests, it’s very important to keep the law on your side. Downvoting factual legal information is inhibiting to future protesters, and needs to stop. Share accurate information to prevent repercussions like this from happening to uninformed protesters in the future.
I used the word okay because the person above me did. It is also legal to voice political opinions, even on company time, even on company platforms, and it is also legal for the company to fire the people doing so. That said, the company is thus taking a political stance by firing those people.
That’s all I’m saying. Not that it is illegal what Google did, but that it is reprehensible.
That’s the misinformation that caused these people their jobs. Stop spreading it. You’re wrong, and dangerously misinforming others about US laws. You cannot voice political opinions if the company has a policy against the practice.
If an employee has been warned that their actions are in violation of a company policy, and that further conduct would result in termination, they are in their right to terminate. Furthermore, willful non-compliance of company policy will likely disqualify the former employee from unemployment benefits at hearing.
These are laws. You don’t have to like them, but pretending they don’t exist could cost others their jobs in the future.
Look up Project Olympus and Israel’s use of AI (Lavender/The Gospel). Many inside the company have good reason to believe that Google/Amazon is powering the AI that is leading to the indiscriminate killings.
How the hell is Nvidia worth more?
Why is this kind of market cap even possible?
This makes no sense on all fronts…
Between crypto mining and AI, there are a lot of companies buying Nvidia hardware.
NVIDIA has double the PE Ratio. It’s an indicator that people are just hyped up about AI.
Not just AI. There’s whole new verticals that use GPUs now. Specifically vehicles.
I think that they’re considered to be well-positioned to extract a ton of money from companies that want to do parallel computing, AI and suchlike.
They’re the main server hardware supplier around, especially when it comes to new tech areas like generative technology and things that require a lot of computation.
I know why. But you’ll have to wait until next year to ask AI me why.
Megacorps was so 2000late, now we are into Terracorps.
*Terrorcorps
*terranocorps
Long live the Terran Empire!
So Apple became the first trillion dollar company and ~5 years later Google becomes the first 2 trillion dollar company. That rate of growth sounds inflated and unrealistic.
Google becomes the first 2 trillion dollar company.
Except no, because Google is still worth less than nVidia, Apple, and Microsoft. So one of them was the first $2 trillion company.
the android keyboard is still laggy as fuck so i can’t type for shit on my phone
Moneywise maybe but its losing real life value very fast!
