What's Going With Major Global Companies and Stock Market?

[JimRaynor]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

[1bad65]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

The economy is that good.

Look at profits. Those are up, so it makes sense.

Contrast that to the last stock market bubble, the Dot-com boom.

The stock prices were shooting up and up, but those companies were losing money hand over first.

Things should be fine, as long as the trend of rising profits accompanies the rising stock market.

[siablo14]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

Have they been using the tax cut to buy back stocks?

[siablo14]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

Together, the top six global businesses, all of which are tech companies, are worth over $5 trillion. There are reasons for that. Reduced oversight has made consolidation easier and prevented breakups from antitrust. Companies are a lot more profitable than they once were, too—especially tech companies, which devour huge earnings from historically small investments in workforce and capital expenditures. Those huge profits make them more valuable to financiers, whose speculative interest in companies accelerates their value. And the size and importance of the securities market has also swelled since the Great Depression wiped it out, making finance—the conversion of business activity into tradable collateral—the place where wealth accrues.

[siablo14]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

In some respects, it’s a dubious and arbitrary achievement. $1 trillion is a distinctly American measure, for one thing. A valuation measured in British pounds sterling would take a lot more value to reach £1 trillion. And for another, Apple’s stock has teetered up and down during trading today, as it does every day. The stock will measure below $1 trillion in market capitalization at some point today (or tomorrow, or next week), even if eventually it stabilizes well above that figure.

[siablo14]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

Many people will scorn the act of marking this supposed success at all, noting that Apple has also hoarded more than $250 billion in cash offshore, partly to avoid paying U.S. taxes on it. Or that Apple has achieved its monster profits on the backs of Chinese factory labor working under appalling conditions. Or that like every company that manufactures computer hardware, Apple must use raw materials that are sometimes mined by children amid inhumane circumstances in horrific, war-torn places. These matters play out on a smaller scale, too. Yesterday, Apple announced profits of $13.8 billion on $61.1 billion in revenue—earnings largely won from global smartphone sales. The same day, Apple also shut down the affiliate program that allowed people to draw commissions from referrals to the App Store that helps drive its smartphone-business success. Some of the publishers that have relied on those commissions to operate are already worried they might have to close up shop.

[siablo14]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

That company was started by the son if a Syrian immigrant. Should we let some more of them in, Jim?

[JimRaynor]

That company was started by the son if a Syrian immigrant. Should we let some more of them in, Jim?

Steve Jobs was adopted at birth by Christian parents.

[Eddy Current]

Steve Jobs was adopted at birth by Christian parents.

Steve Wozniak was the one who actually did most of the design and building of the Apple and the Apple II. He was the bigger badass b/t the two Steves IMO.

[man down]

They're on absolute fire, just about a month ago Apple became the first trillion dollar company, a month later and its now worth 1.1 Trillion, that's insane. Amazon is also literally days away from being the second Trillion dollar company. At the start of the summer Amazons stock price per share was about $1600 now it's $2100.

Is the economy that good or is it a bubble.

What do you think the market will do when we get a trade deal.