You bet high dollar figures get thrown about fast and loose when the matter turns to the tech giants, Internet and social media companies.
No one these days discounts tech companies and social media conglomerates as passing fads and a waste of investor dollars.
Only last week Twitter reported a 124 percent revenue increase for the second quarter of 2014, up to $312 million for the April-May period. Just a few days prior to that Facebook reported $3 billion in earnings for the same period.
Lots of folks speak of “high tech bubbles” and warn these kinds of figures and dollar amounts can’t last. But they’ve been saying that for well over a decade now.
The fact of the matter is the high tech and social media companies may have reached the $1 billion in value mark faster than any other sector of companies in the history of capitalism. Maybe – maybe not.
But this graph with art, below, certainly demonstrates how quickly some tech giants and social media companies reached that $1 billion value mark, faster than many venerable old brands. Relevanza isn’t quite there, yet. But we’re not behind Prada, either.
The infographic was put together by iforex: