alt Hacker NewsGoogle, Apple, Facebook, Amazon, Nvidia, Cisco, Oracle, et al make a bajillion dollars a year. The faangs are the most profitable companies in the world (swap Nvidia for Netflix)
Google, Apple, Facebook, Amazon, Nvidia, Cisco, Oracle, et al make a bajillion dollars a year. The faangs are the most profitable companies in the world (swap Nvidia for Netflix)
Even with those companies, the stock prices are stupidly inflated, but even granting them being profitable that’s still only like six companies. Thats like 1% of the s&p 500.
A ton of SV companies, and I think maybe the majority, especially startups are not profitable.