Alphabet is within a hair of dethroning Apple as world's most valuable company | Hacker News Reader

Alphabet is within a hair of dethroning Apple as world's most valuable company

qz.com

15 pointsKinnard12 comments

Does it really matter? I would think that over time different companies would have the top spot.

A better measure is which company will be the most relevant in 10, 20, or 30 years. When I worked as a contractor at Google, I was very impressed by the company but wondered privately what would happen if their ad revenue was seriously disrupted.

Same with Apple. They make great gear but they might be disrupted by incredible cheap gear in the future from China and South Korea.

We can make our opinions without sounding so negative about all news. Yeah, it does matter that they're the most valuable company in the world, even though you can argue about them being equally important on 30 years.

  This is what's Alphabet quarter earnings is about. They are going to show separately how Google and all their other bets will do. Elon Musk is the most celebrated visionary of our time but Larry Page is not far behind and now that he has passed of Google for someone else to run. It will be interesting to see what he does.

Ugh, I was just thinking about this. Alphabet isn't so much doing the dethroning here. They aren't growing. They aren't adding value. Apple is simply losing value. It's the the same. That doesn't make Alphabet "better" and in no way justifies all these articles coming out right now about "how alphabet is doing amazing and brin and page have it figured out!"

When will it be time to officially dethrone New York and coronate San Francisco as the capital of the US Economy?

Not for a while. NYC has a Gross Metropolitan Product (GMP) of $1,574 billion as of 2015.[0] That's almost 1/10 of US GDP.

San Francisco / Oakland / Hayward comes in at $427 billion. San Jose / Sunnyvale / Santa Clara comes in at $220 billion.

[0] http://www.statista.com/statistics/183808/gmp-of-the-20-bigg...

Further reading: https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_area...

Interesting to see that SF trails both Dallas and Houston. (which in turn trail LA and Chicago significantly)

Add to the fact that Austin is the fastest growing, and you can buy a nice house for under $200K, yee-haw.

I thought the coronation of San Fran as the new capital of bullshit and douchebaggery had occurred long ago, or am I misinformed?? ;)

I can tell you aren't from San Francisco based on how you addressed the city.

Not to validate his comment, but I cant imagine its all sunshine and rainbows

After we see how long the VC winter is after the Unicorn Pop occurs?

Yeah, but take a look at their 10 year charts. AAPL would have made you 3.5x better return, even after the recent slump: https://goo.gl/XvWK4S

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