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"Big business" n ° 78: The old world is fighting back

2022-01-11T09:10:42.751Z


EXCLUSIVE SUBSCRIBER LETTER - The world of technology companies is having its failures. Stellantis takes revenge on Rivian.


Dear subscribers,

The GAFTAMs (Google, Apple, Facebook, Tesla, Amazon and Microsoft) together are worth more than $ 1.1 trillion and weigh the GDP of six major European countries.

Apple has crossed the $ 3 trillion market capitalization mark.

The records broken, month after month, year after year and especially since the beginning of the health crisis which is so successful to them, by the technological stocks on the stock market give their growth an inexorable appearance.

However, are all the efforts of historic companies in vain in the face of the growth of their new competitors?

Take the automobile.

The competitive landscape has been completely transformed in record time: in the wake of Tesla, which passed the milestone of one million cars sold and 1,000 billion capitalization last year, new manufacturers have emerged and won the IPO. .

At the beginning of November, the IPO of Rivian, a young American manufacturer which has not delivered its very first ...

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Source: lefigaro

All business articles on 2022-01-11

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