Datastream
How Much Does Big Tech Make Every Minute?
The Briefing
- The FAATMAN stocks have a collective market cap of $8.3 trillion
- On average, these Big Tech companies generate a whopping $416,768 of revenue each minute
Big Tech Just Keeps Getting Bigger
It’s becoming increasingly difficult to wrap your head around just how massive some big tech stocks are getting, especially since they keep outdoing themselves.
The pandemic has pushed even more activity online, and the FAATMAN stocks (Facebook, Amazon, Apple, Tesla, Microsoft, Alphabet, and Netflix) have benefited immensely.
With many of these companies experiencing record breaking quarters, how much revenue do the big tech stocks generate per minute?
| Company | Revenue Per Minute |
|---|---|
| Amazon | $955,517 |
| Apple | $848,090 |
| Alphabet (Google) | $433,014 |
| Microsoft | $327,823 |
| $213,628 | |
| Tesla | $81,766 |
| Netflix | $50,566 |
Data as of March 2021. Revenue per minute figures based off SEC filings, and market caps from Seeking Alpha.
Milestones Across The Board
Facebook continues to face considerable headwinds as privacy matters garner more political attention. But this is yet to have any material effect on the business.
Their most recent quarter was a company best, generating $27 billion in revenue, and hosting an average of 2.8 billion monthly-active-users (MAUs) on the flagship platform.
Alphabet
Alphabet, the parent company of Google, is a behemoth. They finished 2020 with $182 billion in revenues, with approximately $20 billion coming from YouTube.
Furthermore, almost 4 billion Google searches occur every single day, making it the most popular website in the world.
Amazon
Although the U.S. remains their most prominent market, Amazon does considerably well in other parts of the world. For example, in 2020 they generated $20 billion in revenues from Japan, and $29 billion from Germany.
Tesla
The growing EV narrative is a large part of what’s driven Tesla to new heights. The company graduated to the prestigious S&P 500, and along the way has made Elon Musk among the richest people in the world.
Microsoft
Microsoft is the second largest Big Tech stock with a whopping market cap of $1.75 trillion. Their diversified business holdings include Bing, LinkedIn, Xbox, and their cloud computing service Azure.
Apple
Apple is no longer just about the iPhone. In the first quarter of 2021, Apple’s services segment of the business made $15.7 billion in revenue, greater than both Mac and iPad, which each contributed about $8 billion to the business. In addition, their wearables, home, and accessories category made $12.9 billion in revenue.
Netflix
The pandemic has been kind to Netflix and Reed Hastings. The streaming giant wrapped up 2020 adding 52 million new subscribers—taking the total tally to 203 million.
Netflix’s breadth of content routinely dominates the Golden Globe awards. And with 42 nominations in 2021, this year was no exception. Their original content is a driving factor behind the impressive subscriber growth and revenue generation.
No End In Sight
The combined market cap of the FAATMAN stocks is now over $8 trillion. To put it into perspective, that’s about equivalent to Germany, Canada, and France’s GDP combined.
Despite their gigantic valuations, the growing topline figures from their SEC filings suggests they are not done yet. So while the current value may appear bloated, no one can quite rule out FAATMAN getting fatter.
Where does this data come from?
Source: seekingalpha.com and SEC Filings
Notes: Financial data uses the most recent quarter figures for per minute calculations
Datastream
Top 20 Countries With the Most Ultra-Wealthy Individuals
Developing countries are creating wealth like never before, but the majority of the world’s ultra-wealthy people still live in the United States.
The Briefing
- According to Credit Suisse, there are now 218,200 people globally with assets over $50 million.
- The majority (53%) of the world’s ultra-wealthy people live in the U.S.
Top 20 Countries With the Most Ultra-Wealthy Individuals
New data from the Credit Suisse Global Wealth Report shows that there was an “explosion of wealth” last year.
The global population of ultra-high net worth individuals (UHNWIs) grew by 46,000 to a record of 218,200. The report notes that UHNWIs benefited from a surge in the value of financial assets last year.
These increases are more than double the increases recorded in any other year this century. – Global Wealth Report 2022
The majority of ultra-wealthy individuals already reside in the United States, but 2021 saw a staggering increase of 30,470 people bring added to this exclusive ultra-wealthy category in the country.
| Country/region | Net Worth of $50–$100M | Net Worth of $100M–$500M | Net Worth of $500M+ |
|---|---|---|---|
| 🇺🇸 United States | 103,669 | 35,740 | 1,726 |
| 🇨🇳 China | 20,013 | 11,411 | 1,282 |
| 🇩🇪 Germany | 6,052 | 3,354 | 318 |
| 🇨🇦 Canada | 3,472 | 1,912 | 123 |
| 🇮🇳 India | 3,024 | 1,750 | 210 |
| 🇯🇵 Japan | 3,373 | 1,411 | 88 |
| 🇫🇷 France | 3,237 | 1,314 | 85 |
| 🇦🇺 Australia | 2,947 | 1,576 | 109 |
| 🇬🇧 United Kingdom | 2,787 | 1,278 | 110 |
| 🇮🇹 Italy | 2,574 | 1,253 | 103 |
| 🇰🇷 South Korea | 2,450 | 1,319 | 117 |
| 🇷🇺 Russia | 2,134 | 1,488 | 253 |
| 🇨🇭 Switzerland | 2,115 | 987 | 92 |
| 🇭🇰 Hong Kong SAR | 1,790 | 1,139 | 127 |
| 🇸🇪 Sweden | 1,866 | 1,019 | 76 |
| 🇹🇼 Taiwan | 1,874 | 912 | 93 |
| 🇪🇸 Spain | 1,509 | 666 | 51 |
| 🇧🇷 Brazil | 1,238 | 749 | 95 |
| 🇸🇬 Singapore | 974 | 570 | 73 |
| 🇳🇱 Netherlands | 1,100 | 471 | 28 |
China and India will likely see their ultra-wealthy populations increase dramatically, but still have a long way to go before catching up to the United States.
The biggest increases, aside from the U.S., were China (5,200), Germany (1,750), Canada (1,610), and Australia (1,350).
Decreases in UHNWI populations were more rare, but did occur in a few cases. United Kingdom (-1,130), Turkey (-330), and Hong Kong SAR (-130) saw the biggest drops.
Where does this data come from?
Source: Credit Suisse Global Wealth Databook 2022
Data note: All amounts in USD
Datastream
Ranked: The Top Cyberattacks Against Businesses
Recent research provides insight into the top cyberattacks that businesses faced in 2021. See the results in this infographic.
Ranked: The Top Cyberattacks Against Businesses
Cyberattacks hit a record high in 2021, continuing the momentum that had developed during the COVID-19 pandemic. One reason for this increase is the shift to remote work, which has opened up new vulnerabilities. Home networks are typically less secure, and the rapid rise in the use of online services means security is falling behind.
In this graphic sponsored by Global X ETFs, we’ve visualized survey results showing the 10 most successful types of cyberattacks in 2021.
The Results
These results are from a 2021 whitepaper by Osterman Research, a market research firm focused on cybersecurity. They surveyed 130 cybersecurity professionals from mid and large-sized organizations to see which types of attacks were the most prominent.
| Type of Attack | Percentage of respondents (%) |
|---|---|
| Business email attack was successful in tricking a lower-level employee | 53% |
| Phishing message resulted in a malware infection | 49% |
| Phishing message resulted in an account being compromised | 47% |
| Domain name was spoofed to perpetrate phishing campaigns | 38% |
| Ransomware was detected before it could be activated | 34% |
| Business email attack was successful in tricking a senior executive | 28% |
| Domain name impersonation resulted in a third-party being compromised | 16% |
| Phishing message resulted in a ransomware infection | 14% |
| A ransomware attack was successfully launched | 10% |
| A ransomware attack rendered internal IT systems non-operational | 10% |
Source: Osterman Research (2021)
The report notes that these figures may be understated because organizations are likely to downplay their security incidents. Organizations may also lack the capability to detect all types of cyberattacks.
The Impact of Phishing Attacks
Phishing refers to an attack where the perpetrator pretends to be a trusted entity. These attacks can be carried out over email, text message (SMS), and even social media apps. The goal is often to trick the victim into opening a malicious link.
According to the whitepaper, opening malicious links can result in credential theft or ransomware infections. Credential theft is when attackers gain access to internal systems. This is incredibly dangerous, as it allows attackers to commit fraud, impersonate company officials, and steal data.
A powerful tool for preventing credential theft is multi-factor authentication (MFA). This method requires users to provide multiple verification factors to access a resource (instead of a single password).
The Threat of Ransomware
Ransomware is a type of cyberattack that involves blackmail, often for financial gain. For ransomware to be successfully planted, attackers must first gain access to a company’s networks.
Access can be gained through phishing, as discussed above, or alternate means such as compromised software updates. One such attack impacted over 57,000 Asus laptop owners in Russia after hackers created a malicious update tool on an official Asus server.
Cybercriminals have become increasingly ruthless in how ransomware attacks are executed.
– Osterman Research
Researchers have warned that ransomware attacks are becoming more dangerous and sophisticated. In addition to locking organizations out from core systems, hackers are also stealing data to increase their leverage. If a ransom is not paid, the stolen data may be published or even sold to the highest bidder.
Under Siege
The rising frequency and sophistication of cybercriminal activity is a major threat to the world.
According to the World Economic Forum’s 2022 Global Risks Report, ransomware attacks have increased by 435% since 2020. Furthermore, there is an estimated shortage of 3 million cybersecurity professionals worldwide.
To catch up, businesses and governments are expected to increase their spending on cybersecurity over the next several years.
The Global X Cybersecurity ETF is a passively managed solution that can be used to gain exposure to the rising adoption of cybersecurity technologies. Click the link to learn more.
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