YouTube is harder to estimate because it’s part of Alphabet, its holding company, but since that’s valued at $1.93tn (that’s trillion, by the way) we may safely assume that YouTube’s revenue decline was, as engineers say, “in the noise”.Īnd yet all these outfits were complaining loudly at the injustice that had been done to them by one of their peers – Apple.
Just to put that in context, as I write, the stock market valuations of the first three of these behemoths are $86.9bn, $930.36bn and $44.07bn respectively. The proximate cause of this grief is the news that the revenues of Snap, Facebook, Twitter and YouTube are down by an estimated $9.85bn in the second half of this year. P ardon me for a moment while I shed a few crocodile tears.
