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
Charted: The Ukraine War Civilian Death Toll
Using data from the UN, this chart shows civilian death toll figures resulting from Russia’s invasion of Ukraine.
The Briefing
- In total, since the war began in February there have been over 7,031 Ukrainian civilian deaths
- Most of the civilian casualties recorded were caused by the use of explosive weapons, such as missiles and heavy artillery
Charted: The Ukraine War Civilian Death Toll
Russia’s war of aggression in Ukraine has wrought suffering and death on a mass scale, with many Russian attacks targeted at civilians.
We’ve created this visual using data from the UN Office of the High Commissioner for Human Rights (OHCHR) to better understand how many civilians have died in Ukraine as a result of the war, as well as how many were injured and how many were children.
The Numbers
As of early December, it is reported that 7,031 people in Ukraine have died because of the war — 433 of them children. Another 11,327 have been injured, 827 of which are children. In total, this is over 18,000 people killed or injured.
The figures are difficult to verify due to differing reports coming out of both Russia and Ukraine. The UN OHCHR anticipates that the numbers could be even higher.
The State of the Conflict
The war began on February 24th, 2022 and less than a year in, millions of people have been displaced by the conflict, and thousands of civilians have been injured or killed.
According to the UN, most of the civilian deaths have been caused by wide-ranging explosives such as heavy artillery shelling, missiles, and air strikes, and have been concentrated in Donetsk and Luhansk and in other territory still held by Ukraine.
Additionally, new estimates from Kyiv report approximately 13,000 Ukrainian military or soldier deaths, which has yet to be confirmed by the army.
Where does this data come from?
Source: The United Nations Office of the High Commissioner for Human Rights monthly reports on civilian deaths in Ukraine.
Note: Data on deaths and injuries can vary wildly depending on the source.
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