I have long thought Apple would be the first company to get to $1 trillion in market capitalization, but the race is heating up.
Here is the latest:
Tencent has moved into the TOP FIVE and I would imagine 95 precent of investors do not know who they are or what their ticker symbol is.
I would not be shocked to see Tencent in the top 3 next year. If America stumbles just a bit, Tencent may find themselves (with some acquisitions) the first company to get to $1 trillion.
PS – This Oxfam report titled ‘Reward Work, Not Wealth‘ is an eye opening read. This one stat really blew my mind:
42 people own the same wealth as the bottom 3.7 billion people.
Have a great weekend.
Also published on Medium.