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|
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, 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.
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.
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 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 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.
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.
Visualizing Companies with the Most Patents Granted in 2021
Companies around the world invest billions in R&D to provide cutting-edge innovation to their products and services.
Visualizing Companies with the Most Patents Granted in 2021
Companies around the world invest billions in R&D to provide cutting-edge innovation to their products and services. In order to protect these investments, companies apply for patents. Therefore, the number of utility patents a company is granted can be considered a rough measure of its level of innovation.
Every year, the Patent 300 List identifies America’s most innovative companies within the intellectual property space by analyzing the patents granted by the United States Patent and Trademark Office (USPTO).
In 2021, the USPTO granted a total of 327,798 utility patents, down 7% from the previous year. Let’s take a look at which companies generated the most patents in 2021.
|1||🇺🇸 U.S.||International Business Machines Corporation||8,540||-9%|
|2||🇰🇷 South Korea||Samsung Electronics Co., Ltd.||8,517||0%|
|3||🇰🇷 South Korea||Lg Corporation||4,388||-13%|
|4||🇯🇵 Japan||Canon K.K.||3,400||-8%|
|5||🇨🇳 China||Huawei Technologies Co., Ltd.||2,955||-7%|
|6||🇺🇸 U.S.||Intel Corporation||2,835||-14%|
|7||🇹🇼 Taiwan||Taiwan Semiconductor Mfg. Co. Ltd.||2,807||-3%|
|8||🇯🇵 Japan||Toyota Jidosha K.K.||2,753||-2%|
|9||🇺🇸 U.S.||Raytheon Technologies Corporation||2,694||-16%|
|10||🇯🇵 Japan||Sony Corporation||2,624||-9%|
For 29 consecutive years, IBM has led U.S. companies in the number of patents received annually. In 2021, the company received 8,540 patents, a 9% decline from the previous year.
IBM’s innovations are focused on solving major global challenges, and cover areas such as sustainable growth, climate change, and preventing future pandemics, as well as initiatives enabling food and energy security. They aim to address these problems through a blend of high-performance computing, artificial intelligence (AI), and quantum computing.
One of IBM’s most noteworthy innovations in 2021 was their new quantum processor called Eagle, which broke the 100-qubit barrier to bring quantum computing into a new era. This processor has the ability to solve problems that classical computers can’t, giving it the potential to bring real-world benefits to different fields from renewable energy to finance and more.
Samsung: A Close Second Innovator
Samsung Electronics is one of the biggest innovators over the last decade. In 2021, the company got 8,517 patents granted by the USPTO, a close second to IBM.
The company’s patent-winning innovations take place in several areas, including virtual and augmented reality (VR/AR), artificial intelligence and machine learning (AI/ML), 5G technologies, and autonomous driving.
The Technology Sector Dominates Utility Patents
Unsurprisingly, out of the top 25 companies with the most patents granted in 2021, 16 of them belong to the technology sector.
However, utility patents are not only limited to tech companies.
In fact, companies from all sectors apply for patents every year. Patents are great assets for companies since they give them exclusive commercial rights for their inventions and protect them from competition. This is one of the main reasons we see companies getting thousands of new patents every year.
Russia Has Been Suspended From the UN Human Rights Council
Here’s how the global community voted on the resolution: In favor – 93 | Abstained – 58 | Against – 24
Russia Has Been Suspended From the UN Human Rights Council
On April 7, 2022, the United Nations suspended Russia from its seat on the Human Rights Council.
This suspension comes amid growing condemnation of Russia over alleged civilian murders committed by Russian troops in Ukraine. Widely distributed videos appear to show the bodies of civilians scattered along the streets in the Ukrainian town of Bucha.
To be approved, the resolution required a two-thirds majority of assembly members that vote “yes” or “no”. Here is a complete list of how countries voted:
|Country||Vote||NATO Member||Former Soviet Union|
|🇦🇩 Andorra||In favor|
|🇦🇬 Antigua and Barbuda||In favor|
|🇦🇱 Albania||In favor|
|🇦🇷 Argentina||In favor|
|🇦🇹 Austria||In favor|
|🇦🇺 Australia||In favor|
|🇧🇪 Belgium||In favor|
|🇧🇫 Burkina Faso||--|
|🇧🇬 Bulgaria||In favor|
|🇧🇳 Brunei Darussalam||Abstained|
|🇧🇸 Bahamas||In favor|
|🇨🇦 Canada||In favor|
|🇨🇩 Dem. Republic of the Congo||In favor|
|🇨🇫 Central African Republic||Against|
|🇨🇬 Republic of the Congo||Against|
|🇨🇭 Switzerland||In favor|
|🇨🇮 Côte d’Ivoire||In favor|
|🇨🇱 Chile||In favor|
|🇨🇴 Colombia||In favor|
|🇨🇷 Costa Rica||In favor|
|🇨🇻 Cabo Verde||Abstained|
|🇨🇾 Cyprus||In favor|
|🇨🇿 Czech Republic||In favor|
|🇩🇪 Germany||In favor|
|🇩🇰 Denmark||In favor|
|🇩🇲 Dominica||In favor|
|🇩🇴 Dominican Republic||In favor|
|🇪🇨 Ecuador||In favor|
|🇪🇪 Estonia||In favor|
|🇪🇸 Spain||In favor|
|🇫🇮 Finland||In favor|
|🇫🇯 Fiji||In favor|
|🇫🇲 Micronesia||In favor|
|🇫🇷 France||In favor|
|🇬🇩 Grenada||In favor|
|🇬🇪 Georgia||In favor|
|🇬🇶 Equatorial Guinea||--|
|🇬🇷 Greece||In favor|
|🇬🇹 Guatemala||In favor|
|🇭🇳 Honduras||In favor|
|🇭🇷 Croatia||In favor|
|🇭🇹 Haiti||In favor|
|🇭🇺 Hungary||In favor|
|🇮🇪 Ireland||In favor|
|🇮🇱 Israel||In favor|
|🇮🇸 Iceland||In favor|
|🇮🇹 Italy||In favor|
|🇯🇲 Jamaica||In favor|
|🇯🇵 Japan||In favor|
|🇰🇮 Kiribati||In favor|
|🇰🇲 Comoros||In favor|
|🇰🇳 Saint Kitts and Nevis||Abstained|
|🇰🇵 North Korea||Against|
|🇰🇷 South Korea||In favor|
|🇱🇨 Saint Lucia||In favor|
|🇱🇮 Liechtenstein||In favor|
|🇱🇰 Sri Lanka||Abstained|
|🇱🇷 Liberia||In favor|
|🇱🇹 Lithuania||In favor|
|🇱🇺 Luxembourg||In favor|
|🇱🇻 Latvia||In favor|
|🇱🇾 Libya||In favor|
|🇲🇨 Monaco||In favor|
|🇲🇩 Moldova||In favor|
|🇲🇪 Montenegro||In favor|
|🇲🇭 Marshall Islands||In favor|
|🇲🇰 North Macedonia||In favor|
|🇲🇲 Myanmar||In favor|
|🇲🇹 Malta||In favor|
|🇲🇺 Mauritius||In favor|
|🇲🇼 Malawi||In favor|
|🇳🇱 Netherlands||In favor|
|🇳🇴 Norway||In favor|
|🇳🇷 Nauru||In favor|
|🇳🇿 New Zealand||In favor|
|🇵🇦 Panama||In favor|
|🇵🇪 Peru||In favor|
|🇵🇬 Papua New Guinea||In favor|
|🇵🇭 Philippines||In favor|
|🇵🇱 Poland||In favor|
|🇵🇹 Portugal||In favor|
|🇵🇼 Palau||In favor|
|🇵🇾 Paraguay||In favor|
|🇷🇴 Romania||In favor|
|🇷🇸 Serbia||In favor|
|🇸🇦 Saudi Arabia||Abstained|
|🇸🇧 Solomon Islands||--|
|🇸🇨 Seychelles||In favor|
|🇸🇪 Sweden||In favor|
|🇸🇮 Slovenia||In favor|
|🇸🇰 Slovakia||In favor|
|🇸🇱 Sierra Leone||In favor|
|🇸🇲 San Marino||In favor|
|🇸🇸 South Sudan||Abstained|
|🇸🇹 Sao Tome and Principe||--|
|🇸🇻 El Salvador||Abstained|
|🇹🇩 Chad||In favor|
|🇹🇱 Timor Leste||In favor|
|🇹🇴 Tonga||In favor|
|🇹🇷 Turkey||In favor|
|🇹🇹 Trinidad and Tobago||Abstained|
|🇹🇻 Tuvalu||In favor|
|🇺🇦 Ukraine||In favor|
|🇦🇪 United Arab Emirates||Abstained|
|🇬🇧 United Kingdom||In favor|
|🇺🇸 United States||In favor|
|🇺🇾 Uruguay||In favor|
|🇻🇨 St Vincent and the Grenadines||Abstained|
|🇼🇸 Samoa||In favor|
|🇿🇦 South Africa||Abstained|
|🏴 Bosnia and Herzegovina||In favor|
Not surprisingly, all NATO countries voted in favor of suspending Russia from the Council. This includes Turkey, which has taken a more neutral stance than other allies since the invasion began. Altogether, 93 countries voted for the resolution.
On the other side, 24 countries voted against the resolution. China is perhaps the most significant “no” vote, citing a lack of openness and transparency in the process. Of course, Russia itself voted against the resolution.
A number of countries abstained from voting, most notably, India. Leading up to the vote, Moscow indicated that even an abstention would be viewed as an “unfriendly gesture” with consequences for bilateral ties.
This suspension adds to the list of actions taken against Russia—including heavy sanctions—as the country becomes more isolated from the international community—particularly Western nations.
What Does the UN Human Rights Council Do?
The United Nations Human Rights Council (UNHRC) is a UN body whose mission is to promote and protect human rights around the world.
The Council investigates breaches of human rights in UN member states and member countries address big picture human rights issues.
How Does the UN Human Rights Council Work?
The Council consists of 47 members, elected yearly by the General Assembly for staggered three-year terms.
Using the UN regional grouping system, members are selected to represent a diverse and fair mix of countries from around the world. Until its suspension, Russia was one of the two countries representing Eastern Europe, along with Ukraine.
Members are eligible for re-election for one additional term, after which they relinquish their seat.
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