Apple is the world’s richest corporation. Microsoft now surpasses Exxon Mobil for the #2 spot.
(Nadella’s) efforts have fueled a stock surge that drove Microsoft’s total market value above $410 billion on Friday. That leapfrogged Exxon’s value of $404 billion, which has been dinged by the drop in oil prices.
It surprises me that I must repeat this: “technology is the new oil” is not just my clever saying. Tax policy, national security, trade agreements and economic well-being are now intimately, inextricably linked to technology (and Big Tech Co.).
There’s a reason why all the money and all the (young) brains are moving into Washington, DC and San Francisco.
The world runs on technology. In so many ways, that’s awesome. But, as with oil, there are the haves, the have-nots, and the everybody-wants.