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[-] kinsnik@lemmy.world 135 points 2 months ago* (last edited 2 months ago)

15% of the total United States GDP is a single company

no, it is not. you struggle to comprehend it because it is not true.

it is comparing different things. one is a valuation, the other is the value of goods and services over a year. the comparision would be with yearly revenue of a company

[-] wewbull@feddit.uk 30 points 2 months ago

The stat that's going around at the moment is that 30% if the GDP is transactions between the "Magnificent 7". That one is fair because it's economic activity.

The underlying economy is in recession with the AI frosting on top pushing it to break even levels.

[-] Bronzebeard@lemmy.zip 6 points 2 months ago* (last edited 2 months ago)

That one is even more ridiculously untrue.

Those stocks make up 30% of S&P 500, by weight.

Not GDP.

[-] OldQWERTYbastard@lemmy.world 3 points 2 months ago

Thanks for the clarification.

this post was submitted on 02 Dec 2025
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