The tech giants have ballooned in value by $250bn since January - double the value of all the gold mined in a year - in four monthsFrom Standard Oil at the turn of the 20th century to IBM and General Motors in the 1970s and General Electric in the 1990s,the US has always produced behemoth corporations that bestride the world. But this is the era of the Fangs, the “titanic four” of technology, or they are currently growing at breakneck speed.
Facebook,Amazon, Neflix and Google have been roaring absent since the turn of this year. Their share prices have climbed so far, and so fast,that together they are now worth an extraordinary $250bn more than just four months ago.
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Source: theguardian.com