Turk Posted January 13, 2014 Share Posted January 13, 2014 Big IT companies are valued at more than entire countries, according to Bank of America researchFacebook is worth £1.21 billion more than Malaysia and IBM is valued at £1.81 billion more than Mexico, according to research released today by Bank of America Merill Lynch (BAML).The bank’s report, titled The Thundering World, highlighted that the social media giant is worth £88.33 billion compared to Malaysia’s £87.11 billion, while computing heavyweight IBM is worth £124.27 billion compared to Mexico’s £122.44 billion.But the two tech behemoths included in the report aren’t the only US tech firms outpacing the market value of entire countries. Indeed, Google boasts a market value of £231 billion and Apple, the richest tech company in the world but not included in the report, has a market value of £293 billion.BAML compared nine US company stocks, including non-tech firms such as Starbucks and Exxon, to nine countries and emerging market economies.Overall the countries came out on top with a market value of £1.98 trillion, compared to the stocks’ £1.97 trillion.The bank’s chief strategist, Michael Hartnett, says the comparisons show that emerging markets seem inexpensive: “Brazil’s market cap barely exceeds that of Google, India’s is less than Wells Fargo’s and Turkey’s is practically the same as Starbucks,” he said.Harnett added that there appears to a “buyer’s strike” taking place at the moment, pointing to a foreign exchange survey carried out this with 250 BAML clients, which revealed that only seven percent are buyers of emerging market currencies.http://news.techworld.com/sme/3496587/facebook-is-worth-121-billion-more-than-malaysia Link to comment Share on other sites More sharing options...
calguyhunk Posted January 13, 2014 Share Posted January 13, 2014 Facebook is worth £1.21 billion more than Malaysia ...Pssst ... Don't tell ShadowX. He's gonna freak :tehe: Link to comment Share on other sites More sharing options...
Turk Posted January 13, 2014 Author Share Posted January 13, 2014 Pssst ... Don't tell ShadowX. He's gonna freak :tehe:Too late:) FB Market Cap Director already checking from left to right: Brazilian, Turk, Indian and Malaysian guys to find out who hit the "Cap". Mexican Speedy ran away! Do not miss the live hit scene, too :) Link to comment Share on other sites More sharing options...
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