No, Apple Is NOT the Most Valuable Company Ever
Originally shared by Mike Elgan
No, Apple Is NOT the Most Valuable Company Ever
Just about every major news outlet this week has been reporting that Apple is the most valuable company in history. But this is true only if you fail to adjust for inflation.
Microsoft holds the record for the highest valuation of any company in history. In 1999, Microsoft was worth $620.6 which, when adjusted for inflation, is worth $856 billion in today's money.
So please stop being dumb, media.
http://www.cjr.org/the_audit/misleading_and_incomplete_cove.php
UPDATE: This post has been updated to correct an error in the post I linked to, which itself has been corrected.
No, Apple Is NOT the Most Valuable Company Ever
Just about every major news outlet this week has been reporting that Apple is the most valuable company in history. But this is true only if you fail to adjust for inflation.
Microsoft holds the record for the highest valuation of any company in history. In 1999, Microsoft was worth $620.6 which, when adjusted for inflation, is worth $856 billion in today's money.
So please stop being dumb, media.
http://www.cjr.org/the_audit/misleading_and_incomplete_cove.php
UPDATE: This post has been updated to correct an error in the post I linked to, which itself has been corrected.
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