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Apple becomes the most valuable publicly traded company of all time - Business Insider

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Apple becomes the most valuable publicly traded company of all time - Business Insider

Marilyn Matty

Good news:

http://www.businessinsider.com/apple-becomes-the-most-valuable-publicly-traded-company-of-all-time-2017-5

Marilyn



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Re: Apple becomes the most valuable publicly traded company of all time - Business Insider

@lbutlr
On 2017-05-08 (15:45 MDT), Marilyn Matty <[hidden email]> wrote:
>
> http://www.businessinsider.com/apple-becomes-the-most-valuable-publicly-traded-company-of-all-time-2017-5

Was the East India Company not publicly traded? At its peak it was worth something like 5 trillion dollars (adjusted).

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Re: Apple becomes the most valuable publicly traded company of all time - Business Insider

Christophe Appell
Apparently it was the company that invented being publicly traded. 


:-)

On Tue, May 9, 2017 at 6:19 PM, @lbutlr <[hidden email]> wrote:
On 2017-05-08 (15:45 MDT), Marilyn Matty <[hidden email]> wrote:
>
> http://www.businessinsider.com/apple-becomes-the-most-valuable-publicly-traded-company-of-all-time-2017-5

Was the East India Company not publicly traded? At its peak it was worth something like 5 trillion dollars (adjusted).

--
Apple broke AppleScripting signatures in Mail.app, so no random signatures.





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Re: Apple becomes the most valuable publicly traded company of all time - Business Insider

Chris Devers
In reply to this post by @lbutlr
On Tue, May 9, 2017 at 12:19 PM, @lbutlr <[hidden email]> wrote:
On 2017-05-08 (15:45 MDT), Marilyn Matty <[hidden email]> wrote:
>
> http://www.businessinsider.com/apple-becomes-the-most-valuable-publicly-traded-company-of-all-time-2017-5

Was the East India Company not publicly traded? At its peak it was worth something like 5 trillion dollars (adjusted).

Fannie Mae & Freddie Mac are bigger, if not, strictly speaking, "publicly traded":

From NPR's Talk of the Nation from September 9, 2008:

ADAM DAVIDSON: […] But basically, what Fannie Mae and Freddie Mac did is, they didn't just get loans for the poorest people or the highest risk people, or the people who couldn't afford homes. They got - they arranged for homes for a lot of people, more than half of the homes in America. They became so big, I am pretty sure, and I checked this with a bunch of people today, they are the largest companies ever in the history of the world by a long shot. In fact, together...

NEAL CONAN: And, wait, wait, go back one more time. The largest companies in the history of the world by a long shot and nobody noticed?

ADAM DAVIDSON: Yeah, isn't that weird. I mean I didn't - I've been covering this, and I didn't quite click with that fact until today. I was talking to some treasury officials and I was like, wait a second, so what you're saying is they're the biggest companies ever. And they said, more than that, they are bigger - now I'm talking about their debt, the amount of bonds that they have issued, is more than any country ever except for the United States. Now, one guy said he - maybe if you did the exchange rate right the - or the - the East India Trading company, might have been bigger, possibly, but let's...

NEAL CONAN: Back in the day. In modern times.Yes. Yes.

ADAM DAVIDSON: Yeah, back in the day. These are - put it this way, they are bigger than Japan. Their debt is bigger than the U.K., bigger than China. These are monstrous, huge organizations and basically, the U.S. has allowed them to grow that big, and we can't get into the details, but basically encouraged them to act like a hedge fund, to act like crazy risk-taking, profit-hungry folks. Because that's the crazy thing about Fannie Mae and Freddie Mac, they have this duo - they're like platypus organizations, they have these dual roles, they're supposed to help poor Americans get homes and more Americans who have their own homes, and they're supposed to get profit for their shareholders. Well, they've done - were doing really well by their shareholders and really focused on that.

Apple’s market cap today, at $780 billion, is impressive, no doubt. But PetroChina had an IPO in 2007 at an inflation-adjusted $1.155 trillion. 


And if you include the list of non-public, government-sponsored “companies”, the top of the list is dominated by state-run petroleum companies, the biggest of which is twice as large as Apple — China’s “SASAC” ($1.56 trillion), then Saudi Aramco, etc. 


And that’s big, but as of 2014, Freddie Mac was at $1.945 trillion, and Fannie Mae was at $3.25 trillion.


The Dutch East India Company was estimated to be around seven or eight trillion in inflation-adjusted terms:


So Apple still has a bit of room to grow, I suppose. :-)


--
Chris Devers



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