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Seeing Bank of America(even after all these years), Oracle and Charles Schwab as out-of-state companies is strange to me. They have such a huge local presence and history. I've worked for both BofA and Charles Schwab, and I was part of a merger with Oracle when they bought out east bay rival PeopleSoft years ago. Yikes I feel old.
But I digress, that's life.
Yeah banking is infamous for the sheer number of mergers and acquisitions that have occurred over the years which accounts for that. But the Charlotte - San Francisco connection via BOA and Wells Fargo is quite interesting.
Yep, and I bet all of the top ten will move to Texas soon.
That's doubtful. Tesla is the only one I could possibly see doing that. If Berkshire Hathaway uprooted, it probably wouldn't happen until Warren Buffett passes away and even then I'd count on it heading to Chicago before Texas. JPMorganChase definitely isn't going anywhere.
Well, it's time to spread the wealth around. The Bay Area accounts for one third of all US corporate market capitalization. We're talking like $12 Trillion.
I don't understand the rest of the corporate talk anyway to simplify that? Im probably missing somewthing
i always confused why market capitalization defines the size of a corporation. it measures how many stocks have not been bought. shouldnt the number of sold stocks be more important.
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