Earlier quoted context omitted.
>Xiaomi worth billions of dollars, not 1.4 trillion, but way more than most companies. I'm referring to Google with that valuation. >We don't commonly call billionaires who live in the middle east, china, and other non-western countries "oligarchs", do you know why? Propaganda? An oligarch is a rich person with a lot of political influence. Sounds like an average billionaire to me. >People call out Google all. the. t…
I know you were referring to Google, that is why I made the point about Google. Xiaomi is a tech company with a personal data spying program and is worth maybe 50 billion, and supposedly the "4th most valuable startup in the world," if you trust Wikipedia. My point is that the valuation is based on the profit potential that investors see, not how ethical either company actually is. And both derive a non-zero amount o…
I'm not suggesting the former is without fault, and fault by one does not absolve another. But you're right in that these are two very, very different things.