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The Shrinking Trillion Dollar Market Cap Club

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Infographic showing the shrinking trillion dollar market cap club

The Shrinking Trillion Dollar Club

Aggressive tightening from the Federal Reserve has caused tech stocks to plummet back to Earth in 2022, and this has shaken up the membership of the trillion dollar market cap club.

Here are the four current members of this exclusive club:

CompanySectorDate Market Cap Hit $1TMarket Cap (Nov 3, 2022)
Apple (AAPL)TechAug 2, 2018$2.21 trillion
Aramco (2222)EnergyDec 11, 2019$2.01 trillion
Microsoft (MSFT)TechApr 25, 2019$1.60 trillion
Alphabet (GOOGL)TechJan 16, 2020$1.08 trillion

Apple, Microsoft, and Aramco are all still well above the $1 trillion mark for now, but Alphabet’s trajectory could take it out of this list if circumstances don’t change soon. Google has indicated that the decrease in crypto advertising has had a big impact on revenue, and ad budgets continue to be slashed as economic uncertainty continues.

Here are the three former members who have seen their market cap dip back below $1 trillion:

CompanySectorDate Market Cap Hit $1TMarket Cap (Nov 3, 2022)
Amazon (AMZN)Tech/RetailSep 4, 2018$911 billion
Tesla (TSLA)AutomotiveOct 25, 2021$675 billion
Meta (META)TechJun 28, 2021$236 billion

Amazon recently became the latest company to fall below the 10-digit threshold. In response to a poorly received earnings report and forecasts for lighter spending this upcoming holiday season, the ecommerce giant has paused corporate hiring for the foreseeable future.

Though Tesla’s valuation has dipped in recent months, Elon Musk remains bullish on Tesla’s prospects, stating the company could eventually be “worth more than Apple and Saudi Aramco combined”. To his credit, Tesla reported record revenues last month.

Diverging Fortunes

Though Apple is down nearly 20% from its peak, the company has faired better than its tech giant peers. In fact, Apple is now worth as much as Amazon, Meta, and Alphabet combined.

Comparing the market caps of apple vs meta apple amazon

Meta, on the other hand, isn’t just going through tough times, it’s the worst performer in the entire S&P 500 this year so far.

Investors are bearish on Mark Zuckerberg’s expensive leap of faith that is the “metaverse” – a virtual reality world that people access via headsets (e.g. Meta Quest). It’s too early to tell whether Meta is on the forefront of the next digital revolution, or embarking on one of the most expensive tech flops in history.

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Mapped: How Much Netflix Costs in Every Country

This map of Netflix price by country shows how much a basic subscription package costs around the world.

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Mapped: Netflix Price by Country

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Netflix, the renowned streaming giant, has transformed the way we consume entertainment, providing a vast library of movies, TV shows, and documentaries at the touch of a button.

However, the cost of accessing this digital haven varies significantly from country to country, reflecting economic disparities and market dynamics.

This graphic from Preyash Shah maps Netflix price by country, using standard (basic) package subscription monthly rates from Netflix.com and converting to USD as of December 10, 2023.

What is the Netflix Price by Country?

Across 244 countries and territories that had Netflix available in December of 2023, Switzerland was the most expensive at $21.48 per month. That was $5 more than the second-most-expensive country on the list.

CountriesNetflix Cost (USD)
🇦🇫 Afghanistan$7.99
🇦🇽 Åland Islands$12.92
🇦🇱 Albania$8.61
🇩🇿 Algeria$7.99
🇦🇸 American Samoa$15.49
🇦🇩 Andorra$14.00
🇦🇴 Angola$7.99
🇦🇮 Anguilla$12.99
🇦🇬 Antigua & Barbuda$12.99
🇦🇷 Argentina$3.57
🇦🇲 Armenia$10.76
🇦🇼 Aruba$12.99
🇦🇺 Australia$11.19
🇦🇹 Austria$14.00
🇦🇿 Azerbaijan$10.76
🇧🇸 Bahamas$12.99
🇧🇭 Bahrain$10.49
🇧🇩 Bangladesh$7.99
🇧🇧 Barbados$15.29
🇧🇾 Belarus$10.76
🇧🇪 Belgium$14.54
🇧🇿 Belize$5.99
🇧🇯 Benin$9.99
🇧🇲 Bermuda$12.99
🇧🇹 Bhutan$7.99
🇧🇴 Bolivia$5.99
🇧🇦 Bosnia & Herzegovina$8.61
🇧🇼 Botswana$7.99
🇧🇻 Bouvet Island$9.99
🇧🇷 Brazil$8.10
🇮🇴 British Indian Ocean Territory$7.99
🇻🇬 British Virgin Islands$12.99
🇧🇳 Brunei$11.99
🇧🇬 Bulgaria$8.61
🇧🇫 Burkina Faso$7.99
🇧🇮 Burundi$7.99
🇰🇭 Cambodia$7.99
🇨🇲 Cameroon$7.99
🇨🇦 Canada$12.13
🇨🇻 Cape Verde$7.99
🇨🇰 Caribbean Netherlands$12.99
🇰🇾 Cayman Islands$12.99
🇨🇫 Central African Republic$7.99
🇹🇩 Chad$7.99
🇨🇱 Chile$9.58
🇨🇽 Christmas Island$7.99
🇨🇨 Cocos (Keeling) Islands$11.19
🇨🇴 Colombia$6.75
🇰🇲 Comoros$7.99
🇨🇬 Republic of the Congo$7.99
🇨🇩 Democratic Republic of the Congo$7.99
🇨🇰 Cook Islands$11.32
🇨🇷 Costa Rica$12.99
🇨🇮 Côte d’Ivoire$7.99
🇭🇷 Croatia$8.61
🇨🇺 Cuba$5.99
🇨🇼 Curaçao$12.99
🇨🇾 Cyprus$11.84
🇨🇿 Czechia$11.42
🇩🇰 Denmark$16.46
🇩🇯 Djibouti$7.99
🇩🇲 Dominica$5.99
🇩🇴 Dominican Republic$7.99
🇪🇨 Ecuador$7.99
🇪🇬 Egypt$3.88
🇸🇻 El Salvador$7.99
🇬🇶 Equatorial Guinea$7.99
🇪🇷 Eritrea$7.99
🇪🇪 Estonia$10.76
🇸🇿 Eswatini$7.99
🇪🇹 Ethiopia$7.99
🇫🇰 Falkland Islands$12.99
🇫🇴 Faroe Islands$16.46
🇫🇯 Fiji$7.99
🇫🇮 Finland$12.92
🇫🇷 France$14.54
🇬🇫 French Guiana$13.46
🇵🇫 French Polynesia$11.99
🇹🇫 French Southern Territories$12.92
🇬🇦 Gabon$7.99
🇬🇲 Gambia$7.99
🇬🇪 Georgia$12.70
🇩🇪 Germany$14.00
🇬🇭 Ghana$7.99
🇬🇮 Gibraltar$14.00
🇬🇷 Greece$11.84
🇬🇱 Greenland$16.46
🇬🇩 Grenada$5.99
🇬🇵 Guadeloupe$13.46
🇬🇺 Guam$15.49
🇬🇹 Guatemala$7.99
🇬🇬 Guernsey$13.79
🇬🇳 Guinea$7.99
🇬🇼 Guinea-Bissau$7.99
🇬🇾 Guyana$5.99
🇭🇹 Haiti$5.99
🇭🇲 Heard & McDonald Islands$9.99
🇭🇳 Honduras$7.99
🇭🇰 Hong Kong$9.99
🇭🇺 Hungary$9.85
🇮🇸 Iceland$14.00
🇮🇳 India$5.98
🇮🇩 Indonesia$7.72
🇮🇷 Iran$9.99
🇮🇶 Iraq$7.99
🇮🇪 Ireland$16.15
🇮🇲 Isle of Man$13.79
🇮🇱 Israel$12.67
🇮🇹 Italy$14.00
🇯🇲 Jamaica$5.99
🇯🇵 Japan$10.28
🇯🇪 Jersey$13.79
🇯🇴 Jordan$7.99
🇰🇿 Kazakhstan$10.76
🇰🇪 Kenya$4.52
🇰🇮 Kiribati$7.99
🇰🇼 Kuwait$9.99
🇰🇬 Kyrgyzstan$10.76
🇱🇦 Laos$7.99
🇱🇻 Latvia$10.76
🇱🇧 Lebanon$7.99
🇱🇸 Lesotho$7.99
🇱🇷 Liberia$7.99
🇱🇾 Libya$7.99
🇱🇮 Liechtenstein$21.48
🇱🇹 Lithuania$10.76
🇱🇺 Luxembourg$14.54
🇲🇴 Macau$9.99
🇲🇬 Madagascar$7.99
🇲🇼 Malawi$7.99
🇲🇾 Malaysia$9.65
🇲🇻 Maldives$11.99
🇲🇱 Mali$7.99
🇲🇹 Malta$14.00
🇲🇭 Marshall Islands$15.49
🇲🇶 Martinique$13.46
🇲🇷 Mauritania$7.99
🇲🇺 Mauritius$7.99
🇾🇹 Mayotte$13.46
🇲🇽 Mexico$12.62
🇫🇲 Micronesia$15.49
🇲🇩 Moldova$10.76
🇲🇨 Monaco$14.54
🇲🇳 Mongolia$7.99
🇲🇪 Montenegro$8.61
🇲🇸 Montserrat$12.99
🇲🇦 Morocco$6.41
🇲🇿 Mozambique$7.99
🇲🇲 Myanmar (Burma)$7.99
🇳🇦 Namibia$7.99
🇳🇷 Nauru$11.99
🇳🇵 Nepal$7.99
🇳🇱 Netherlands$12.92
🇳🇨 New Caledonia$11.99
🇳🇿 New Zealand$11.32
🇳🇮 Nicaragua$5.99
🇳🇪 Niger$7.99
🇳🇬 Nigeria$4.48
🇳🇺 Niue$11.32
🇳🇫 Norfolk Island$11.19
🇲🇰 North Macedonia$8.61
🇲🇵 Northern Mariana Islands$15.49
🇳🇴 Norway$9.99
🇴🇲 Oman$10.49
🇵🇰 Pakistan$2.82
🇵🇼 Palau$15.49
🇵🇸 Palestine$7.99
🇵🇦 Panama$8.99
🇵🇬 Papua New Guinea$7.99
🇵🇾 Paraguay$5.99
🇵🇪 Peru$9.28
🇵🇭 Philippines$7.19
🇵🇳 Pitcairn Islands$7.99
🇵🇱 Poland$10.68
🇵🇹 Portugal$12.92
🇵🇷 Puerto Rico$15.49
🇶🇦 Qatar$9.99
🇷🇪 Réunion$12.49
🇷🇴 Romania$10.76
🇷🇼 Rwanda$7.99
🇼🇸 Samoa$7.99
🇸🇲 San Marino$14.00
🇸🇹 São Tomé & Príncipe$7.99
🇸🇦 Saudi Arabia$11.47
🇸🇳 Senegal$7.99
🇷🇸 Serbia$8.61
🇸🇨 Seychelles$7.99
🇸🇱 Sierra Leone$7.99
🇸🇬 Singapore$13.02
🇸🇽 Sint Maarten$12.99
🇸🇰 Slovakia$10.76
🇸🇮 Slovenia$8.61
🇸🇧 Solomon Islands$7.99
🇸🇴 Somalia$7.99
🇿🇦 South Africa$8.41
🇬🇸 South Georgia & South Sandwich Islands$9.99
🇰🇷 South Korea$10.25
🇸🇸 South Sudan$7.99
🇪🇸 Spain$14.00
🇱🇰 Sri Lanka$7.99
🇧🇱 St. Barthélemy$5.99
🇸🇭 St. Helena$7.99
🇰🇳 St. Kitts & Nevis$12.99
🇱🇨 St. Lucia$5.99
🇲🇫 St. Martin$5.99
🇵🇲 St. Pierre & Miquelon$14.54
🇻🇨 St. Vincent & Grenadines$5.99
🇸🇩 Sudan$7.99
🇸🇷 Suriname$5.99
🇸🇯 Svalbard & Jan Mayen$9.99
🇸🇪 Sweden$12.32
🇨🇭 Switzerland$21.48
🇹🇼 Taiwan$10.49
🇹🇯 Tajikistan$12.70
🇹🇿 Tanzania$7.99
🇹🇭 Thailand$9.90
🇹🇱 Timor-Leste$7.99
🇹🇬 Togo$7.99
🇹🇰 Tokelau$11.32
🇹🇴 Tonga$7.99
🇹🇹 Trinidad and Tobago$12.99
🇹🇳 Tunisia$7.99
🇹🇷 Türkiye$3.38
🇹🇲 Turkmenistan$10.76
🇹🇨 Turks & Caicos Islands$12.99
🇹🇻 Tuvalu$7.99
🇺🇸 U.S. Outlying Islands$9.99
🇻🇮 U.S. Virgin Islands$15.49
🇺🇬 Uganda$7.99
🇺🇦 Ukraine$8.07
🇦🇪 United Arab Emirates$10.62
🇬🇧 United Kingdom$13.79
🇺🇸 United States$15.49
🇺🇾 Uruguay$12.99
🇺🇿 Uzbekistan$10.76
🇻🇺 Vanuatu$7.99
🇻🇦 Vatican City$14.00
🇻🇪 Venezuela$5.99
🇻🇳 Vietnam$9.08
🇼🇫 Wallis & Futuna$7.99
🇪🇭 Western Sahara$9.99
🇾🇪 Yemen$7.99
🇿🇲 Zambia$7.99
🇿🇼 Zimbabwe$7.99

Other wealthy countries like Denmark, Ireland, and the U.S. were in the top five most expensive countries for Netflix subscriptions, ranging from $16.46 to $15.49.

On the opposite side of the pendulum, Pakistan had the lowest Netflix subscription cost at $2.82 per month. It was followed by Türkiye at $3.38 and Argentina at $3.57.

Several factors influence the flux in pricing of Netflix subscriptions across different nations. These include:

  • Economic Factors: Netflix tailors its prices to align with the purchasing power of consumers in each market. Countries with higher average incomes typically bear higher subscription costs.
  • Market Competition: The presence of strong local streaming services can exert downward pressure on Netflix prices, forcing it to adjust its offerings to remain competitive.
  • Content Licensing: The cost of acquiring content rights varies across regions, influencing the overall pricing structure. Countries with higher licensing fees may experience higher subscription costs.
  • Currency Fluctuations: Currency exchange rates can impact Netflix’s pricing model, leading to occasional adjustments or fluctuations in subscription costs.

While affordability remains a primary concern for consumers, Netflix’s pricing strategy also aims to balance accessibility with content acquisition and profitability.

As the streaming industry continues to evolve, it will be interesting to observe how Netflix adapts its pricing model to maintain its global dominance while catering to the diverse needs and preferences of its audience.

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