Main | Saturday, November 15, 2014

Take That, Putin

Russia can tear down their monument to Steve Jobs because Apple CEO Tim Cook has come out, but that won't save their stock market. Via the Telegraph:
Apple is now worth more than Russia's stock market, new data have revealed. The US technology giant's market capitalisation has overtaken the combined value of all Russian public companies for the first time in history, Bloomberg reported. Apple, the world's most valuable company, has added $147bn to its market cap this year and was worth $652bn as of November 12. The shares closed up 1.2pc to $114.18 each on Friday. Russian equities have fallen $234bn to $531bn in the same period, Bloomberg data stated. Apple, led by Tim Cook, has being going from strength to strength in recent months, culminating in the release of the company's latest smartphones in September - the iPhone 6 and iPhone 6 Plus. Mr Cook revealed earlier this year that his company is also working on products that "haven't been rumoured about yet". Meanwhile, Russia has been struggling to cope with a falling ruble and tough Western sanctions as a result of its conflict in eastern Ukraine.
Just let that sink in. An out gay man oversees the company whose value exceeds all of the companies on the stock market of the world's most famously anti-gay nation. I think that calls for a "neener, neener." At least.

RELATED: In other gay-related business news, pro-LGBT Microsoft has unseated ExxonMobil as the world's second-most valuable corporation. The energy giant's slide to third place comes as oil prices continue to sag worldwide. For 17 consecutive years the shareholders of ExxonMobil refused to enact workplace protections for its LGBT employees. Only in July of this year did the company grudgingly agree to comply with President Obama's executive order protecting the LGBT employees of companies that contract with the federal government. Fourth place Google, not incidentally, is now poised to overtake ExxonMobil. If that happens, the world's top three corporations will be aggressively pro-LGBT tech firms. Neener.

Labels: , , , , , , , , , ,

comments powered by Disqus