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When Tech Giants Go Shopping

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When Tech Giants Go Shopping

When Tech Giants Go Shopping

 

So far, 2014 has been a big year for the tech industry in regards to acquisitions. But if you think that Facebook’s $19 billion purchase of WhatsApp was the largest, you’d be mistaken.

Acquisitions are a huge part of driving the tech industry forward. They bring in new ideas, fresh talent, proprietary technologies, and much more. For investors, an acquisition can mean big money, on both ends of a buyout. Take for example Comcast’s bid for taking over Time Warner Cable earlier this year, investors in Time Warner enjoyed a 6.8% jump in their stock value. These types of deals aren’t rare; just last year, there were 2,710 mergers and acquisitions in the tech industry.

The Big 4 of the tech world (Apple, Facebook, Microsoft and Google) all have made very important acquisitions, and some may even change the world. Take for example Google’s buyout of YouTube back in 2006. The video streaming site was purchased for $1.6 billion in stock. YouTube has come a long way from being famous for its entertaining gag videos like “Charlie Bit My Finger.” The platform has become a worldwide visual communication tool. It even played a role in liberating parts of the Arab world in the Arab Spring. Today, YouTube is estimated to be valued at $15 billion.

Perhaps the next big game changing acquisition will be one that wasn’t mentioned in the infographic: Apple’s purchase of Beats Electronics. Apple acquired Beats for a reported $3 billion. Some speculate it wasn’t to offer superior headphones to Apple’s clientele; rather, it was for Beats’ streaming service. There may be a shift in how modern music listeners enjoys their music. Apple’s iTunes’ sales have been slowly dwindling as of late, album sales are down 15% this year. The future may lie in subscription based streaming services, something Beats has a head start in.

We’re only half way through 2014 and we have already seen major players shake up the tech industry through mergers and acquisitions. I am sure that I’m not alone when I say I’m excited to see what’s in store for the remainder of the year.

Original infographic from: FinancesOnline.com

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What is the Median Pay of Magnificent Seven Companies?

The Magnificent Seven companies are fueling stock market gains. In this graphic, we show the median pay of each company in 2023.

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This circle graphic shows the median pay of employees at the Magnificent Seven companies.

What is the Median Pay of Magnificent Seven Companies?

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

The Magnificent Seven are lifting the stock market to new highs, led by Nvidia, Microsoft, Apple, and Alphabet in particular.

In May alone, these tech giants added $1.4 trillion in market capitalization to the S&P 500—surpassing the combined gains of 296 other stocks during the same period. Notably, Nvidia contributed to more than half of this rise. As tech stocks boom, many are offering robust salaries with substantial stock option plans.

This graphic shows the median pay of the Magnificent Seven companies in 2023, based on analysis from The Wall Street Journal and MyLogIQ.

The Highest Paying Companies in the Magnificent Seven

Below, we show the median employee pay of the Magnificent Seven companies in 2023:

CompanyMedian Employee Pay
2023
CEO Total Pay
2023
Meta$379,050$24.4M
Alphabet$315,531$8.8M
Nvidia$266,939$34.2M
Microsoft$193,770$48.5M
Apple$94,118$63.2M
Tesla$45,811$0M
Amazon$36,274$1.4M

Data for Microsoft is from SEC filings. Total CEO pay includes equity awards and cash pay.

Meta ranks as the highest overall, with a median pay of $379,050, which is more than six times the national median salary.

Not only is it the leading company in the Magnificent Seven, it has one of the highest median pay across S&P 500 companies. Between 2022 and 2023, employee pay increased 28%, following four rounds of layoffs that slashed thousands of employees in its “year of efficiency”.

Following Meta is Google’s parent company, Alphabet, with a median pay of $315,531. The company operates a hybrid work policy, requiring employees to be in the office about three days a week. This mirrors a trend seen across Amazon and Salesforce to encourage in-person collaboration.

At Nvidia, employees received a median pay of $266,939, fueled by its soaring share price. Last year, over $300 million in value was delivered to its staff under its employee stock purchase plan. Along with a competitive pay package, the company offers an unlimited vacation policy along with 22-weeks of paid parental leave.

Falling near the bottom of the pack is Tesla, where the median salary for employees is $45,811. The automotive sector is notorious for steep wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee.

In 2023, Tesla CEO Elon Musk earned no compensation, and is instead paid through incentive-based stock options. Recently, a judge invalidated a staggering $56 billion pay package for the executive, deeming it unfair to the company’s shareholders. This pay package was awarded in 2018, with stipulations that Tesla meet certain performance requirements over a 10-year timeframe.

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