stackyFACTSThink your diversified portfolio is a massive flex?
Think your diversified portfolio is a massive flex? Cute. The entire stock market of the United Kingdom—encompassing every historic bank, massive oil giant, and centuries-old conglomerate—is collectively worth less than the company that makes your overpriced smartphone. Apple’s market capitalization crossed the $3 trillion mark, effectively proving that selling slightly better cameras every twelve months is vastly superior to the actual industrial output of a former global empire.
Keep exploring facts in this topic.
Economy →STACKY FOR IPHONEKeep discovering with Stacky. Interesting facts in an app that is always within reach.
Charles Dow originally launched the famous Dow Jones Industrial Average in 1896 with a surprisingly pathetic roster of only twelve heavily concentrated…
Discover more
A trillion-dollar corporate valuation absolutely does not mean the company actually has a trillion dollars sitting in a massive vault. Market capitalization…
Discover more
It turns out modern SPACs and meme stocks are just copying a 300-year-old grift. The South Sea Company convinced the British government to let them take over…
Discover more
While you get physically ill looking at the deductions on your bi-weekly paystub, the world's richest corporations literally just ask governments nicely to…
Discover more
Pond scum is secretly an agricultural powerhouse. Duckweed grows so aggressively fast that it completely covers standing liquid in days. Because it requires…
Discover more
In some medieval societies, peasants settled their government debts by handing over massive wheels of dairy. The tax collector was essentially just a heavily…
Discover more