New data collected by Crunchbase News indicates that the value of global unicorns has crested the $4 trillion mark. The valuation milestone is notable not merely for its scale, but its relative size.
Compared to what? The value of the major tech companies of the West, namely the U.S. Big Five. Once they were known as Google, Microsoft, Apple, Amazon and Facebook. Today the group is known as Alphabet, Microsoft, Apple, Amazon and Meta, with the younger two of the five-company group undergoing name changes in recent years.
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Corporate branding shifts aside, it was back in 2017 that the five firms reached a combined $3 trillion in value. Back then, it felt staggering that less than a half-dozen companies could be worth so very much. A year later …
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