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[-] OldQWERTYbastard@lemmy.world 80 points 1 month ago

And I am so ready for the bubble to burst.

15% of the total United States GDP is a single company. I struggle to comprehend the scale of that, but one thing is for certain; it's going to bite us in the ass eventually.

[-] kinsnik@lemmy.world 86 points 1 month ago* (last edited 1 month ago)

15% of the total United States GDP is a single company

no, it is not. you struggle to comprehend it because it is not true.

it is comparing different things. one is a valuation, the other is the value of goods and services over a year. the comparision would be with yearly revenue of a company

[-] OldQWERTYbastard@lemmy.world 3 points 1 month ago

Thanks for the clarification.

[-] wewbull@feddit.uk 1 points 1 month ago

The stat that's going around at the moment is that 30% if the GDP is transactions between the "Magnificent 7". That one is fair because it's economic activity.

The underlying economy is in recession with the AI frosting on top pushing it to break even levels.

[-] Cyberflunk@lemmy.world 7 points 1 month ago

15% of American GDP is approximately $4.57 trillion.

[-] OldQWERTYbastard@lemmy.world -1 points 1 month ago

Absurd, isn't it?

[-] SkunkWorkz@lemmy.world 4 points 1 month ago

Stock valuation of a company is not calculated int the GDP. Only domestic revenue is. There is no company that makes trillions in revenue.

[-] Grainne@lemmy.dbzer0.com 1 points 1 month ago* (last edited 1 month ago)

It's not one company, but the top 5 companies make up 40% of South Korea's economy, with the top 30 76.9% of their GDP. It's scary to imagine the power they wield over the peoples lives.

[-] boonhet@sopuli.xyz 2 points 1 month ago* (last edited 1 month ago)

Power over their lives? Nonsense, the people of S~~amsung~~outh Korea are completely free to use iPhones instead of Samsung phones if they want! They can also leave their Samsung apartments to work at the Samsung office, built by the Samsung construction company using Samsung heavy machinery, any time they want! If they were to get injured on the way, they'll get treated at Samsung Medical Center and not to worry, of course their Samsung insurance will cover it.

this post was submitted on 02 Dec 2025
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