For the first time in history, the majority of the world’s ten most valuable companies are from the same sector of the economy. All are household names: Microsoft, Apple, Amazon, Alphabet, and Facebook.
Established as disruptive enterprises in the early days of the internet, these tech titans have come to dominate big business. Today, Facebook is the largest social network worldwide with over 2.7 billion monthly active users. Amazon represents more than 50 percent of the e-commerce market in the United States. Google handles over 90 percent of all search queries globally. And Apple recently surpassed Saudi Aramco to become the world’s most valuable publicly traded company with a market valuation of more than $2 trillion.
