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Big Tech is a term used to describe the group of companies that have a large market share in the technology industry. These companies include Amazon, Apple, Facebook, Google, and Microsoft.
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Google is an American multinational technology company specializing in Internet-related services and products that include online advertising technologies, search engine, cloud computing, software, and hardware.
History
Google was founded in September 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University in California. Together, they own about 14 percent of its shares and control 56 percent of the stockholder voting power through supervoting stock. They incorporated Google as a privately held company on September 4, 1998. An initial public offering (IPO) took place on August 19, 2004, and Google moved to its headquarters in Mountain View, California, nicknamed the Googleplex. In March 1999, the company moved its offices to Palo Alto, home to several other noted Silicon Valley technology startups. The next year, Google began selling advertisements associated with search keywords.[15] In order to maintain an uncluttered page design, advertisements were solely text-based. Keywords were sold based on a combination of price per click ( CPC) and click-through rate (CTR). A 2008 ComScore study revealed that Google accounted for about 75% of all searches worldwide.[16][17]
In 2004, Google started hiring former Microsoft employees double their previous salaries as a strategy to prevent them from being poached by their rivals.[18][19] The move was also intended to attract talented individuals in fields other than computer science who would bring diverse perspectives to the company.[20][21] In 2005, the company announced plans to build a new corporate headquarters, commonly referred to as “Googleplex” in Mountain View. The 1,700,[22] 00-square-foot (157,000 m2) facility was completed and occupied in 2007[23] at a cost of $1.67 billion .[22][24]
Revenues
Year Revenue
2019 $160.74 billion
2018 $136.22 billion
2017 $110.86 billion
2016 $90.27 billion
2015 $74.54 billion
As of June 2019, Google has a 87.84% market share in the global search engine market. StatCounter reports that Google Sites led the market with a 87.31% market share in October 2018, followed by Baidu with a 5.64% market share and Yahoo! with a 2.63% market share.
According to Experian Hitwise, Google UK has a 89.64% market share of the UK search engine market as of December 2018, followed by Microsoft sites with a 4.31% market share and Yahoo! UK with a 1.95% market share.
In Russia, Yandex is the leading search engine with a 62.75% market share as of April 2018, followed by Google Russia with 29.92% and Mail.ru with 3%.
Amazon
Amazon, an American multinational technology company, is one of the Big tech companies along with Google, Apple, Microsoft, and Facebook. Amazon is known for its online marketplace, which sells and rents books, music, television shows, and movies. The company also manufactures and sells electronic consumer goods, such as digital cameras, home-theater systems, and home appliances. Amazon has a market capitalization of over $1 trillion and is the second-largest company in the world by revenue.
History
Amazon was founded in 1994 by Jeff Bezos. The company started as an online bookstore, but soon expanded to sell a variety of other products, including electronics, furniture, and apparel. Amazon has also developed its own line of consumer electronics, called the Kindle, which is a popular e-reader. In addition to selling products, Amazon also offers a variety of digital services, such as cloud storage and streaming video.
In recent years, Amazon has become a major player in the tech industry The company has developed several new technologies, including the Amazon Web Services platform and the Alexa voice assistant. Amazon has also acquired several other companies, such as Whole Foods and Twitch.
Revenues
In 2016, Amazon’s revenues totaled $135.99 billion. This made Amazon the fourth most valuable company in the world, behind Apple, Google, and Microsoft.
Amazon’s revenues come from a variety of sources, but the vast majority come from its e-commerce business. In 2016, 86% of Amazon’s revenues came from its e-commerce business, with the remaining 14% coming from other businesses such as cloud computing, advertising, and consumer electronics.
The growth of Amazon’s e-commerce business has been staggering. In 2010, Amazon’s e-commerce revenues were just $34.2 billion. By 2016, they had grown to $106.1 billion. That means that Amazon’s e-commerce revenues have grown by over 300% in just six years!
Amazon’s success is due to a number of factors, including its massive selection of products, its competitive prices, and its exceptional customer service. But perhaps the most important factor is Amazon’s focus on technology. Amazon has invested heavily in developing cutting-edge technologies that make it easier for customers to shop on its site. For example, Amazon developed the Kindle Fire tablet which allows customers to easily purchase and download books, movies, and games from the Kindle Store. And Amazon Prime Air is a drone delivery service that promises to deliver packages to customers in just 30 minutes or less!
It’s clear that technology is a key driver of Amazon’s success. And as long as Amazon continues to innovate and invest in new technologies, it seems likely that it will continue to be one of the world’s most successful companies for many years to come.
Amazon is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook.
Amazon’s market share by platform as of June 2018, according to eMarketer
E-commerce32.2%
Cloud computing17.5%
Digital streaming3.9%
Artificial intelligence2.6%
Amazon is the world’s largest online marketplace, AI assistant provider, and cloud computing platform as measured by revenue and market capitalization. Amazon is the second largest private employer in the united states and one of the world’s most valuable companies.
big tech is an American multinational technology conglomerate that specializes in Internet-related services and products. Founded in 2004, it has grown to become one of the largest companies in the world. Facebook is just one of the many products offered by Big Tech.
History
Facebook is an American online social media and social networking service company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with several co-founders who are friends from Harvard College. It is considered one of the Big Five technology companies along with Amazon, Apple, Google, and Microsoft.
The website’s membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League schools, and Stanford University. It gradually added support for students at various other universities before opening to high school students, and eventually to anyone over the age of 13. Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though this may vary depending on local laws. The name comes from the face book directories often given to American university students.
Revenues
Facebook, Inc. is an American social media and technology conglomerate headquartered in Menlo Park, California. It was founded by Mark Zuckerberg, along with Harvard college roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. The founders initially limited Facebook membership to Harvard students; however, later they expanded it tocolleges in the Boston area, the Ivy League, and Stanford University. They then opened up membership to any individual with a valid email address. By 2006, anyone over the age of 13 with a valid email address could join Facebook. Membership was eventually expanded to include employees of major companies (including Apple Inc., Microsoft, and Google), who were allowed to use Facebook to connect with co-workers as part of their online presence. However, in September 2006, Facebook began allowing anyone over the age of 13 with a valid email address to join.
In September 2012, Facebook announced that it had one billion monthly active users – 955 million mobile users and 1.01 billion desktop users – making it the first social network to reach this milestone. As of June 2016, Facebook has more than 1.7 billion monthly active users (MAUs).
Facebook is an American online social media and social networking service company. It is based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. It is considered one of the Big Five companies in the U.S. information technology industry, along with Amazon, Apple, Google, and Microsoft.
As of September 2020, Facebook has a market cap of $674 billion and a P/E ratio of 29.3. In 2019, Facebook generated $70.7 billion in revenue (85% from advertising), with $18.5 billion in net income ($6.9 billion in net income attributable to common stockholders). As of September 2020, Facebook had 27 thousand full-time employees.
In October 2012, Facebook had one billion active users across all platforms (desktop and mobile), including 836 million mobile users—an increase of 39 percent over the previous year—and Sir Martin Sorrell (CEO of the world’s largest advertising holding company WPP) described it as “probably the most influential company of our time”.
Apple
Apple is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds, the HomePod smart speaker, and the HomePod mini smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iWork and iLife creativity and productivity suites, as well as professional applications like Final Cut Pro, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Arcade, Apple Music, Apple TV+, iMessage, and iCloud.
History
Apple has a long and storied history, dating back to its founding in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Since then, the company has become one of the most valuable and well-known brands in the world.
Apple went public in 1980, and Jobs returned to the company in 1997 after a stint at Pixar. Under his leadership, Apple released groundbreaking products like the iMac, iPod, iPhone, and iPad. In 2011, Jobs passed away due to pancreatic cancer.
Today, Apple is led by CEO Tim Cook and is one of the most valuable companies in the world. It is also one of the most controversial, as it has been criticized for its tight control over its ecosystem and its treatment of workers at its factories.
Revenues
AAPL’s revenue for Q3 2019 was $53.8 billion, an increase of 2% from the $52.6 billion in revenue it reported for Q3 2018. This marks the company’s fourth consecutive quarter of year-over-year growth in revenue.
As of the fourth quarter of 2019, Apple had a 51.7 percent share of the U.S. smart phone market, according to Statista. That made it the top selling smart phone brand in the United States, followed by Samsung with 28.8 percent and LG with 5.7 percent.
Microsoft
In 1975, Bill Gates and Paul Allen co-founded Microsoft, which became the world’s largest PC software company. Microsoft developed the first version of the Windows operating system in the 1980s, which became widely used in the 1990s.
History
Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2018 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world’s largest software maker by revenue as of 2016. The company also creates consumer electronics products such as gaming consoles and PCs.
The history of Microsoft dates back to April 4, 1975, when it was founded by Bill Gates and Paul Allen in Albuquerque, New Mexico. They initially set up shop in Gates’ garage to develop and sell BASIC interpreters for the Altair 8800 microcomputer kit (a popular hobbyist item at the time). In 1980, they released MS-DOS (Microsoft Disk Operating System), which became one of the most widely used PC operating systems in history; it was eventually succeeded by Windows 95 in 1995. In 1983 they began work on a GUI (Graphical User Interface) for MS-DOS; this led to development of their highly successful Microsoft Windows line of operating systems in 1985. The two visionaries continued to lead Microsoft together until Gates assumed full control in 2000 (Allen left due to health issues shortly thereafter). As CEO (Chief Executive Officer), Gates oversaw a massive expansion of both product lines and company profits; he remained CEO until 2008 when he stepped down to focus on philanthropic work full-time. He handed over day-to-day management of Microsoft to new CEO Steve Ballmer.
Revenues
Microsoft is an American multinational technology company with headquarters in Redmond, Washington. It manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite of productivity software, Xbox, a line of game consoles, and the Microsoft Edge web browser. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. As of 2015, it was the world’s largest software maker by revenue,[12] and one of the world’s most valuable companies.[13][14][15]
Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows. The company’s 1986 initial public offering (IPO), and subsequent rise in its share price, created three billionaires and an estimated 12,000 millionaires from Microsoft employees.[16][17][18] Since the 1990s presence of online services from Microsoft such as Outlook.com (formerly Hotmail), OneDrive (formerly SkyDrive), Skype, Xbox Live,[19][20] and Bing have made it one of the world’s largest Internet companies.[21]
Microsoft is ranked No. 30 in the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.[22]
Microsoft has several subsidiaries: LinkedIn,[23] DynamicCRM Online,[24] Skype Technologies,[25][26] Wunderlist,[27] Mojang AB (Minecraft),[28][29] Nokia Devices and Services Group (until 2014; now owned by HMD Global),[30]:10[31], Lionhead Studios (until 2006; now closed).[32][33], Press Play Studios (until 2013; now part of Okomotive).[34], Ensemble Studios (until 2009; now closed)and343 Industries(Halo Franchise)[35].
As of July 2020, Microsoft’s market share was at a whopping 43.1%. This gives them a comfortable lead over the second biggest tech company, Apple, who held at around 19%. Together, these two companies make up over half of the entire US tech industry!
