Bigger, Faster, Stronger

Everything moves faster these days.

On November 1st, 90 days ago, Wordle had 90 users. Today, millions of people are playing the game, which will soon be owned by The New York Times.

The electric scooter company Bird shared an incredible chart in an investor presentation back in November. Look how quickly it’s been able to scale up revenue since the company started in 2017, compared to some other storied growth names. (Whatever you do, don’t look at Bird’s stock)

Companies are going from zero to seven figures quicker than ever before. Something similar is happening to ten-figure companies as well. What we’re seeing from the tech giants is without precedent.

Over the last three quarters, Microsoft has grown its top line by 20%. The last time this happened was in 1999 when its revenue was 1/10th of what it is today.  And all of it, well, 38% of it, is flowing through to their bottom line. It’s hard to overstate how unthinkable this was a decade ago.

The speed at which companies are growing, both at the small end and all the way at the top, is mind-bending. We’ve never seen this movie before, so we don’t know how it ends.

Speaking of movies, I stole this title from a documentary, called Bigger, Faster, Stronger, which I highly recommend.

The end.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.