[INFOGRAPHIC]: An evolution of World’s Largest Companies by Market Capitalization
How the Silicon Valley geeks have replaced the Oil barons of the world.
Image Source: Visual Capitalist
Scale is now achievable in ways like never before. To reach more people, Walmart had to build more stores, expand complex supply chains, and hire new employees. This took a lot of capital and manpower, and the stakes were high for each wave of expansion.
Amazon, Google & Facebook on the other hand, can bring in more revenues with significantly lesser risk involved. Scale has allowed tech companies to get bigger without getting bogged down by many of the problems that companies with millions of employees can run into.
For these reasons, tech is likely to top the leaderboard for the largest companies by market cap for the foreseeable future.
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