But Amazon is so mammoth that just the wiped-out value ($267 billion) is about the total value of Disney. And yet the company’s annual advertising sales of more than $10 billion are about 20 times the 2021 ad sales of The New York Times.Īmazon’s stock price - like that of many tech companies - has fallen this year so far, by about 18 percent. It sells ads there and elsewhere online, including on LinkedIn. Microsoft owns the (not popular) Bing search engine. Facebook is one of the best money-making machines in internet history, and if it dies, that will happen slowly. But even the suddenly frowny-face Facebook generated, on average, $214 for each user in the U.S. Facebook executives have a habit of warning of doom, but the company keeps chugging along. I’m not sure I believe Facebook is in as much trouble as it’s suggesting. The company warned that TikTok’s popularity was hurting it and that its advertising sales were sputtering, partly because of restrictions that Apple recently imposed on personal data collections on iPhone apps. The number of daily users of Facebook and its Messenger app shrank a little. This number was so nuts that I kept asking people if I had misunderstood.įacebook … OK, Facebook is not in a good place. Apple’s profit for the past year ($101 billion) was more than the combined yearly profits of - take a deep breath - Walmart, General Motors, Exxon, Pfizer, Verizon, Disney, Coke and McDonald’s.ĭo you know what YouTube Shorts are? No? They are YouTube’s answer to TikTok’s bite-size videos, and Google said this week that people watched 15 billion of them each day.
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