Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Facebook now bigger than General Electric
Jul 23, 2015


Guess who is scraping at the legacy of the great Thomas Edison these days. None other than Mark Zuckerberg. For just a few days back, the latter's company overtook engineering titan General Electric (GE) in terms of market value.

The Edison founded company GE traces its origins all the way back to 1892. That's a good 123 years of building the business. Zuckerberg's Facebook on the other hand is all of 10 years old, and traces its beginnings to a dorm room in Harvard. While GE rakes in annual revenues in the region of US$ 146 bn, for Facebook that number stands at US$ 13 bn.

The contrast is striking to say the least.

But not so much to investors it seems. They've bid up the market value of Facebook to stratospheric levels. So much so, that it is now ahead of many of the biggest names of corporate America. Are these investors letting their optimism run ahead of themselves?

Only time will tell.

Data Source:FactSet, qz.com

This Chart Of The Day was published in The 5 Minute WrapUp - How not to invest in these inefficient monsters?

Equitymaster requests your view! Post a comment on "Facebook now bigger than General Electric". Click here!

  

Our Most Popular Charts

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS