How Tech Giants Like Amazon and Facebook Became Wall Street Juggernauts in the Last Decade

Sean Burch

The 2010s will be remembered as the decade tech companies became remarkably powerful — and valuable. Just take a look at where we were 10 years ago. In 2009, only one of the 10 most valuable companies in the world  — Microsoft — was a tech company. Now, as we enter a new decade, six of the 10 most valuable companies are tech giants: Apple, Microsoft, Alphabet (the parent company of Google), Amazon, Facebook and Alibaba. What’s more, those six companies, in order, are the first through sixth most valuable companies on earth, with Apple and Microsoft both worth more than $1.2 trillion dollars. How’d it get to this point? A decade ago, oil juggernauts like Exxon Mobile and Royal Dutch Shell easily lapped some of these now-dominant tech firms. Tech has clearly crashed the party and now appears to hold a stranglehold on the market. Three key factors appear to have spurred the rise of tech, according to several experts who spoke to TheWrap: ubiquity, innovation and adaptability. On ubiquity, all of these companies have not only been adopted by more people in the last decade but are also being used more frequently. “Most consumers use Amazon, Apple, Google, Netflix...

Read original story How Tech Giants Like Amazon and Facebook Became Wall Street Juggernauts in the Last Decade At TheWrap