Technology moves fast these days and with that comes the fast rise of companies in the sector as well. It used to be the case that it took decades for businesses to reach a billion-dollar valuation.
That doesn’t seem to be the case anymore today though. With Moore’s Law, the observation that computing power doubles every two years, proving to be correct in this case, tech businesses also progress twice as fast. Here are some great examples of fast-rising companies that didn’t even exist 10 years ago.
Pinterest
Another popular tech company launched in 2009 is the image-sharing social networking platform Pinterest. The website boasts of 335 million monthly users, 70 million of which it gained in 2019 alone. It currently has a market cap of $13.57 billion, which is almost a billion above its valuation during its IPO just last year.
Cutting Edge
Cutting Edge
Billion-Dollar Corporations You’d be Surprised Didn’t Exist a Decade Ago
January 3, 2022
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