Read more at https://on.ft.com/2v9iBzU
As Apple has broken the $1tn barrier, so the big US internet companies have come to be valued more highly relative to GDP than at any time since the Dot Com Bubble in 2000. John Authers shows that valuations for the sector are still far more reasonable than they were 18 years ago, but cautions that the sector is now so big that companies will only be able to grow by taking market share from each other.
Subscribe to FT.com here:
Subscribe to the Financial Times on YouTube:
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes
