This morning I was listening to Bloomberg Radio.
Pimm Fox and Carol Massar were talking about a US company.
The quote was something like:
This company only has a market cap of like, $1 billion, $1.5 billion, so it’s tiny right?
It was a fascinating perspective on NZX Market Capitalisation – just over $76 billion at yesterday’s close.
It also shows what possibilities there are if NZ companies take advantage of globalisation to scale up and have “not tiny” market capitalisations.
If you have an interest in the US perspective on financial news, I’d recommend downloading the Bloomberg Radio app for your phone.
Of course, as a technology savvy consumer, I’d only run it when I’m at work (wi-fi), at university (wi-fi) or home (wi-fi!).
If you’ve always got access to wi-fi, and rarely travel, why would you need an expensive mobile phone contract with bonus data?