Tech Is Crushing Finance

A blog about business and economics.
Oct. 18 2013 2:48 PM

Tech Is Crushing Finance

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In honor of Google's race up to $1,000 a share I thought I'd check in on how America's tech giants are doing versus America's banking giants. The answer is that judged by market capitalization—that's the total value of all the shares of your stock—technology is basically crushing banking these days.

The fact that Microsoft can be considered a company in trouble—with some justice—is in a lot of ways a testament to how robust the technology sector as a whole is.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.