Goodbye oil, welcome tech: 5 world’s most valuable companies on 2006 and 2016
The age of technology has arrived, and investors know it.
How do we look into tech world from 11 years ago is now really different as we look on today’s tech world. From social media, internet services, to software and hardware, we all know that some tech companies had invaded the market, not only of technology but also other related fields.
In 2006, oil giant Exxon Mobil headed the list of the world’s most valuable companies and Microsoft was the only tech firm near the top.
But last August 2016, Apple, Google’s Alphabet, Microsoft, Amazon and Facebook now dominate the list, while ExxonMobil is the only oil company left in the top five.
After ExxonMobil’s profits went down, the oil giant found itself in sixth place behind Amazon and Facebook, before climbing back up.
This seems to be the first time that the five most valuable companies in the world are all tech firms, according to Slate.