Farewell oil, hello tech: the world’s 5 most valuable companies in 2006 and 2016
Emma Luxton, Formative Content
From smartphones and social media, to virtual reality and artificial intelligence, the tech-oriented world we live in today looks very different to how things were just 10 years ago.
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.
Fast forward to August 2016, and Apple, Google’s Alphabet, Amazon and Facebook dominate the list, while ExxonMobil is the only oil company left in the top five.
This is thought to be the first time the five most valuable companies in the world have all been tech firms, according to Slate.
The age of technology has arrived, and investors know it.
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Originally published at www.weforum.org.