Visualized: How Much Does Big Tech Make Every Minute?
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How Much Does Big Tech Make Every Minute?

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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?

CompanyRevenue Per MinuteMarket Cap ($B)
Amazon$955,517$1,560
Apple$848,090$2,040
Alphabet (Google)$433,014$1,370
Microsoft$327,823$1,750
Facebook$213,628$733
Tesla$81,766$648
Netflix$50,566$238

Data as of March 2021. Revenue per minute figures based off SEC filings, and market caps from Seeking Alpha.

Milestones Across The Board

Facebook

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

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Charting the Continued Rise of Remote Jobs

Remote job postings are up nearly across the board, but a few key industries are have seen a significant shift over the last year.

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which industries are embracing remote work

The Briefing

  • Four industries saw massive growth in the proportion of remote-friendly job postings
  • Nearly one-third of new software and IT service jobs are listed as remote / work-from-home

Charting the Continued Rise of Remote Jobs

When the pandemic first took hold in 2020, and many workplaces around the world closed their doors, a grand experiment in work-from-home began.

Today, well over a year after the first lockdown measures were put in place, there are still lingering questions about whether remote work would now become a commonplace option, or whether things would generally return to the status quo in offices around the world.

New data from LinkedIn’s Workforce Report shows that remote work may be here to stay, and could even become the norm in a few key industries.

Broadly speaking, 12% of all Canadian paid job postings on LinkedIn offered remote work in September 2021. Prior to the pandemic, that number sat at just 1.3%.

While this data was specific to Canada, the country’s similarity to the U.S. means that these trends are likely being seen across the border as well.

Which Industries are Embracing Remote Work?

The nature of work can vary broadly by job type—for example, mining is tough to do from one’s living room sofa—so remote jobs were not distributed equally across industries.

Here are the numbers on job postings that were geared towards remote work:

Industry% Remote (Sept 2020)% Remote (Sept 2021)Change (p.p.)
Software & IT Services12.5%30.0%17.5
Media & Communications12.5%21.3%8.8
Wellness & Fitness3.3%21.2%17.9
Healthcare3.2%14.4%11.2
Nonprofit4.6%14.1%9.5
Hardware & Networking2.2%12.9%10.7
Corporate Services5.2%9.5%4.3
Education9.4%8.8%-0.6
Entertainment3.0%7.7%4.7
Finance1.8%6.5%4.7
Consumer Goods2.2%6.0%3.8
Recreation & Travel0.2%3.7%3.5
Manufacturing1.4%3.0%1.6
Energy & Mining1.0%2.7%1.7
Retail0.5%0.7%0.2

Tech and healthcare industries are showing big shifts towards remote work, with the latter being influenced by a number of tech-driven changes, including telemedicine.

Physical distancing measures forced some industries to pivot quickly. Whether virtual fitness and wellness options (e.g. Peloton and Headspace) would remain popular beyond the pandemic was a big question mark, but this jobs data seems to indicate continued digital growth in these industries.

What the Future Holds

Since COVID-19 outbreaks are still underway, the true test for this trend will be whether these numbers hold up a year or two from now. When offices and gyms are reliably open again, will companies dial back the work-from-home options?

Today, hybrid solutions are proving popular amidst worries that fully distributed teams suffer from lower levels of collaboration and communication between colleagues, and that innovation could be stifled by lack of in-person collaboration.

Of course, employees themselves are reporting being more productive and happy at home, with 98% of people wanting the option to work remotely for the rest of their careers.

It’s clear that the culture of work is undergoing an evolution today, and companies and employees will continue to seek the perfect balance of productivity and happiness.

Where does this data come from?

Source: LinkedIn’s Workforce Report for September 2021 (Canada)
Data Note: LinkedIn analyzed hundreds of thousands of paid remote job postings in Canada posted on LinkedIn between February 2020 and September 21, 2021. A “remote job” is defined as one where either the job poster explicitly labeled it as “remote” or if the job contained keywords like “work from home” in the listing.

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Print Has Prevailed: The Staying Power of Physical Books

When e-books hit the mainstream in the early 2000s, many predicted they’d eventually make print books obsolete. So far, that prediction has not come true.

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Print Books Have Prevailed

The Briefing

  • Survey data from 10 different countries shows that a majority of people still prefer print books over e-books.
  • 42.5% of respondents purchased at least one print book in 2020—that’s significantly more than the 15.5% who’d bought at least one e-book.
  • Out of the 10 countries surveyed, Germany has the most print book lovers. 58% of German respondents bought a print book in 2020.

The Staying Power of Print Books

E-books are certainly not a new phenomenon. In fact, they’ve been around longer than the internet.

Yet, while the emergence of e-books dates back to the early 1970s, they didn’t hit the mainstream until the 2000s, when big companies began launching their own e-book readers, and digital libraries started to become more accessible to the public.

Around this time, sales for e-books started to soar, and by 2013, e-book sales made up 20% of all books sales in America. Many wondered if this was the end for print books.

But fast forward to 2021, and e-books haven’t made print books obsolete. At least, not yet.

E-book versus Print Book Purchases

A recent poll found that people still favor print books over e-books, at least when it comes to their purchasing behavior.

Of the 10 countries included in the survey, an estimated 42% of people had purchased at least one print book in 2020, while only 15.5% had bought an e-book that same year.

Here’s a look at all 10 countries, and the estimated share of their population who bought physical versus e-books in 2020:

CountryPhysical BooksE-books
🇨🇳 China32.0%24.4%
🇺🇸 United States44.5%22.7%
🇬🇧 United Kingdom48.7%20.0%
🇯🇵 Japan40.1%17.3%
🇰🇷 South Korea34.6%16.8%
🇦🇺 Australia41.2%15.9%
🇪🇸 Spain49.3%14.3%
🇩🇪 Germany58.0%10.4%
🇫🇷 France52.1%7.5%
🇮🇳 India24.5%5.6%
Average42.5%15.5%

China had the highest portion of e-book lovers—an estimated 24.4% of its population purchased an e-book in 2020, which is more than 8 percentage points higher than the average across the whole list.

On the other end of the spectrum, e-books are least popular in India, where an estimated 5.6% of the country’s population purchased an e-book in 2020. Keep in mind, the country has a lower percentage of book purchasers in general.

Why Print Has Prevailed

Why are print books still more popular than e-books? There are many theories. One study suggests that readers retain information better from a print book versus an e-book, while other consumer surveys found that e-books haven’t yet managed to fully simulate the tactile experience of a print book.

However, while e-books might not eradicate print books entirely, the market for digital books is expected to grow in the near future. By 2025, global revenue from e-books could reach $18.4 billion, with 1.2 billion users across the globe.

Where does this data come from?

Source: Statista

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