Apple is first $1 trillion public company

[mauvais]

Apple Support for Charity – MacRumors.com Help Center

Half of this is RED-related, and RED were/are famously shit at actually giving any money to charity.

Product Red - Wikipedia

Much of the rest of it is fuck all too.

Apple Accepting Donations for Louisiana Flood Relief

Apple Accepting Donations for Hurricane Matthew Disaster Relief

iTunes Store Accepting Donations to Support Earthquake Relief in Japan and Ecuador

How brave of them to accept donations.

 

[Spymaster]

Superb performance for shareholders who invested a while back though.

 

[editor]

Half of this is RED-related, and RED were/are famously shit at actually giving any money to charity.

Spectacularly shit:

Product Red has been criticized for not having an effect proportional to the advertising investment, for being much less efficient than direct charitable contribution, and for having a lack of transparency with regards to the amount of money going to charity as a percentage of every purchase

Data released in 2007 by Advertising Age claimed retail participants in Product Red including Gap, Motorola and Apple had invested $100 million in advertising and raised only $18 million for The Global Fund. In July 2010, however, Red claimed to have raised over $150 million.

In an attempt to combat the critics, particularly regarding Product Red's Transparency, around 2008, they implemented a calculator to show consumers how many doses of treatment would be received with the purchase of a Red Product. With this, some have stated that, "the campaign offers the illusion of activism without requiring behavioral changes or political engagement".

Product Red - Wikipedia

How brave of them to accept donations.

They're all heart.

 

[cybershot]

Microsoft joins the club, although like Apple and Amazon, have already failed to stay above it.

Microsoft is now a $1 trillion company

While the $1 trillion valuation is something that investors pay close attention to, it’s not something that Microsoft cares about. “This is a metric that nobody on the senior leadership team is tracking,” said Chris Capossela, Microsoft’s chief marketing officer at an event attended by GeekWire last year. “Nobody is sitting around high-fiving when the stock hits some new high.”

Don't really follow stocks, but according to the article MS are also now worth more than Apple again?

 

[mwgdrwg]

 

[editor]

Utter fucking cunts. All that money. They could charge people half of what they ask for and still be unbelievably, indescribably rich. Or give away half to help the world's poor. But they want more. For themselves.*

Apple more valuable than the entire FTSE 100

The world's largest company has seen its value leap as demand for tech goods surged during lockdown.

www.bbc.co.uk

*Same applies to all other stinking rich cunts.

 

[MickiQ]

The main thing that article says to me is just how far the stock market has become divorced from reality, Apple is now worth about twice what it was 6 months ago but it isn't selling twice as many phones and computers (probably less)

 

[Yossarian]

Utter fucking cunts. All that money. They could charge people half of what they ask for and still be unbelievably, indescribably rich. Or give away half to help the world's poor. But they want more. For themselves.*

Apple more valuable than the entire FTSE 100

The world's largest company has seen its value leap as demand for tech goods surged during lockdown.

www.bbc.co.uk

*Same applies to all other stinking rich cunts.

Not that I'm inclined to stick up for Apple - or that I wouldn't find it amusing if their share price collapsed - but they don't actually have $2 trillion, that's what it would cost to buy all their shares. The company's currently sitting on around $200 billion in cash, still an obscene amount, but most of that $2 trillion is spread around other stinking rich entities.

 

[editor]

Not that I'm inclined to stick up for Apple - or that I wouldn't find it amusing if their share price collapsed - but they don't actually have $2 trillion, that's what it would cost to buy all their shares. The company's currently sitting on around $200 billion in cash, still an obscene amount, but most of that $2 trillion is spread around other stinking rich entities.

They still have utterly obscene amounts of money and assets when so much of the world is struggling to survive. It's indefensible. Fuck them, their luxury high end market and all the other cunts skimming off fat fortunes for themselves.

 

[SpookyFrank]

Utter fucking cunts. All that money. They could charge people half of what they ask for and still be unbelievably, indescribably rich. Or give away half to help the world's poor. But they want more. For themselves.*

Apple more valuable than the entire FTSE 100

The world's largest company has seen its value leap as demand for tech goods surged during lockdown.

www.bbc.co.uk

*Same applies to all other stinking rich cunts.

To be fair my car is worth more than the FTSE 100 right now. And I don't even have a car.

 

[weltweit]

There have been a few newscasts that have asked how it can be that people are struggling and losing their jobs left right and centre, but the stock market is rising! why?

 

[MickiQ]

There have been a few newscasts that have asked how it can be that people are struggling and losing their jobs left right and centre, but the stock market is rising! why?

Because it is not connected to reality its value is entirely a result of its own perception. Google a company which makes very little is worth twice as much as the entire German car industry plus Boeing and Airbus put together. Tesla is worth more than General Motors and Ford put together despite the fact that they sell 12 times as many cars. The problem with the stock market is not its value it is the fact that perception of that 'imagined' worth has become an accepted 'truth' amongst political and economic decision makers despite the fact it denies simple logic.
Investors want to get into stocks that are rising and will make money for them and are thus piling their cash into those stocks rather than investing it elsewhere.