Top 5 tech companies invest more than any other company in the world
The top 5 tech companies (Apple, Amazon, Facebook, Google and Twitter) invested about $66B in the last 12 months. That’s more than any other single company in the world.
This amount is 8x what they invested 5 years ago. This is also double the amount invested by the entire VC community. No wonder the prices in SFO are insane. The full article can be found in the Christmas issue of the Economist.