Thursday, 7 February 2013
Corporations founded by Stanford alumni have annual revenues of $2.7 trillion
"There are advantages to being an edge, as California long was, but Silicon Valley has made us the centre. Five of the six most-visited websites in the world are here, in ranked order: Facebook, Google, YouTube (which Google owns), Yahoo! and Wikipedia. (Number five is a Chinese-language site.) If corporations founded by Stanford alumni were to form an independent nation, it would be the tenth largest economy in the world, with an annual revenue of $2.7 trillion, as some professors at that university recently calculated. Another new report says: ‘If the internet was a country, its gross domestic product would eclipse all others but four within four years.’"