Tech giants' earnings showed their absolute dominance

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The nature of technology platforms turns the law of large numbers on its head.

generated in its quarter ended Jan. 31— which, unlike Apple's quarter, encompassed the holiday buying season. Yet it accounted for only 8.7% of Apple's overall sales. Apple's iPhone business, meanwhile, is truly in a class by itself — it generated more revenues than all of Microsoft, as has been the case for years.doesn't break out the performance of its business units, making it hard to get a feel for how they stack up against stand-alone competitors. But the company says 2.

that Instagram generated $20 billion in ad revenue in 2019, putting it among the biggest digital advertising properties in the world — and well ahead of social media competitors like Snap, Pinterest and Twitter.Typically in business, companies run into the "law of large numbers," and growth rates slow.

But the nature of technology platforms turns that law on its head. When a tech business achieves truly massive scale — and all of these companies have multiple businesses that reach more than 1 billion customers — it's easier to grow by collecting additional streams of revenue from a massive installed base than it is to invent new business areas from scratch or steal customers from bigger competitors.

These giants can take the data from their already-massive operations to learn about their customers and sell them new products effectively. They can leverage existing customer relationships to sell add-on products. They can use their cash flow or stock to

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BreaktheMeta

Why do we need to look at someone’s damn armpit?

Tech giants and the government has merged, it's called Fascism.

Roid rages. Until something as ridiculous as government regulations or microchip shortages will go from Rambo to Erckle.

The guy running this account gets a lot of freedom Saturday night

i wonder if there was someone sitting at their desk looking at these photos, then the boss walks over and asks what the hell they're doing. Then they cover it up by saying they're looking for a good thumbnail for the story....and we get this.

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