The crazy growth of Big Tech in 2021
The biggest companies grew to become bigger in 2021. CNBC's diagram below demonstrated the growth experienced by the various players. The growth rates from end of 2020 to Dec 2021 are: Apple +30% Microsoft +50% Alphabet +65% Amazon +6% Tesla +58% Meta (former Facebook) +20% While many businesses struggled during the pandemic, these companies grew at mind boggling rates between 6 to 65% in 2021. Extract from CNBC news on 27Dec21 showing growth from end 2020 to 23 Dec 2021 Some quotes extracted from the CNBC 27Dec2021 news article : “Tech companies getting into the $1 trillion club is almost viewed like a cup of coffee in Silicon Valley now,” Dan Ives, a tech analyst at Wedbush Securities, tells CNBC Make It. “It’s not the mega event that it was just two or three years ago. It shows that Big Tech is in an unmatched position coming out of the pandemic .” "Apple, Microsoft, Alphabet, Amazon, Tesla and Facebook added a combined $2.9 trillion to their c...