Technology
A Look Back at Internet Firsts
In October 1969, UCLA student Charley Kline was attempting to send the word “login” over to the Stanford Research Institute using the internet’s precursor: ARPANET.
At first, the system crashed, only managing to send the letters “i” and “o”. But an hour or so later, the full message was successfully sent and history was made:
Today, the internet permeates every facet of modern life. Billions of people around the world communicate through messaging apps, email, and social media platforms. By 2020, an estimated 20.8 billion “things” will be connected to the internet (including 13 billion household items like TVs, smoke detectors, and appliances).
It all starts somewhere
Though YouTube, Facebook, and email are ubiquitous now, they all started out with a single post, profile, or message, and that first action is not always what you’d expect.
As today’s infographic from Academized demonstrates, “firsts” on the internet are typically unpolished, unique snapshots of the people involved in creating the platform. From elephants at the zoo to live-streaming a coffee pot, we hope you enjoy this trip down memory lane.
Links to Notable Internet Firsts
Everything posted to the web now lives in perpetuity.
Here are some notable internet firsts that can still be viewed, replicated, or experienced:
The First Search Engine
The first search engine was created to connect the McGill University’s School of Computer Science to the Internet. The engine, called Archie, was up-and-running in 1990, a full eight years before Google was created. The University of Warsaw still hosts a functioning version of Archie for historical purposes.
The First Amazon Order
Today, Amazon processes billions of orders per year, but the very first order was placed in July 1995. The grandiosely named book, Fluid Concepts and Creative Analogies: Computer Models Of The Fundamental Mechanisms Of Thought, was ordered by computer scientist John Wainwright, who was beta-testing Amazon.com.
The First YouTube Video
The very first YouTube video was uploaded by YouTube’s co-founder, Jawad Karim. The 19-second video is no Gangnam Style. Jawad, who is standing in front of an elephant enclosure, deadpans, “Uh. The cool thing about these guys is that, is that they have really, really, really long, um, trunks, and that’s, that’s cool.” Cool, indeed.
The First Tweet
just setting up my twttr
— jack (@jack) March 21, 2006
Internet firsts are rarely flashy, as this tweet from Twitter co-founder, Jack Dorsey, demonstrates. That said, as startups grow from rag-tag teams of determined founders into global behemoths, it’s nice to look back at those authentic, spontaneous first pieces of content.
Technology
Apple’s Colossal Market Cap as it Hits $3 Trillion
Apple’s market cap recently hit $3 trillion. To put that scale into context, this visualization compares Apple to European indexes.
Creator Program
Apple’s Colossal Market Cap in Context
In January of 2019, Apple’s market capitalization stood at $700 billion.
While this was perceived as a colossal figure at the time, when we fast forward to today, that valuation seems a lot more modest. Since then, Apple has surged to touch a $3 trillion valuation on January 3rd, 2022.
To gauge just how monstrous of a figure this is, consider that Apple is no longer comparable to just companies, but to countries and even entire stock indexes. This animation from James Eagle ranks the growth in Apple’s market cap alongside top indexes from the UK, France, and Germany.
Let’s take a closer look.
Apple Takes On Europe
The three indexes Apple is compared to are heavyweights in their own right.
The FTSE 100 consists of giants like HSBC and vaccine producer AstraZeneca, while the CAC 40 Index is home to LVMH, which made Bernard Arnault the richest man in the world for a period of time last year.
Nonetheless, Apple’s market cap exceeds that of the 100 companies in the FTSE, as well as the 40 in each of the CAC and DAX indexes.
| Stock/Index | Market Cap ($T) | Country of Origin |
|---|---|---|
| Apple | $3.00T | 🇺🇸 |
| FTSE 100 | $2.90T | 🇬🇧 |
| CAC 40 Index | $2.76T | 🇫🇷 |
| DAX 40 (Dax 30) Index* | $2.50T | 🇩🇪 |
*Germany’s flagship DAX Index expanded from 30 to 40 constituents in September 2021.
It’s important to note, that while Apple’s growth is stellar, European companies have simultaneously seen a decline in their share of the overall global stock market, which helps make these comparisons even more eye-catching.
For example, before 2005, publicly-traded European companies represented almost 30% of global stock market capitalization, but those figures have been cut in half to just 15% today.
Here are some other approaches to measure Apple’s dominance.
Apple’s Revenue Per Minute vs Other Tech Giants
Stepping away from market capitalization, another unique way to measure Apple’s success is in how much sales they generate on a per minute basis. In doing so, we see that they generate a massive $848,090 per minute.
Here’s how Apple revenue per minute compares to other Big Tech giants:
| 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 |
Furthermore, Apple’s profits aren’t too shabby either: their $20.5 billion in net income last quarter equates to $156,000 in profits per minute.
How Apple Compares To Countries
Lastly, we can compare Apple’s market cap to the GDP of countries.
| Country (excluding Apple) | Total Value ($T) |
|---|---|
| Apple | $3.0T |
| Italy | $2.0T |
| Brazil | $1.8T |
| Canada | $1.7T |
| Russia | $1.7T |
| South Korea | $1.6T |
| Australia | $1.4T |
| Spain | $1.4T |
| Mexico | $1.3T |
| Indonesia | $1.1T |
What might be most impressive here is that Apple’s market cap eclipses the GDP of major developed economies, such as Canada and Australia. That means the company is more valuable than the entire economic production of these countries in a calendar year.
That’s some serious scale.
Technology
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