How come Visa and Mastercard Corps. are more valuable than ExxonMobil Corp. now? As of now the market caps are as follows:
XOM: 265B
V: 439 B
MA: 337 B
4 replies (most recent on top)
Check out their financials. They’re cash generating machines that require very little capex. In other words, cash cows that still have huge growth engines
# Name M. Cap
1 Apple 1AAPL $2.860 T
2 Microsoft 2MSFT $2.491 T
3 Alphabet (Google) 3GOOG $1.961 T
Hope this put it into perspective for you.
EM maybe well ahead of other companies when it comes to rewarding the worst of the worst and most unproductive workers.
Credit cards don’t destroy the ozone