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Fortune 500: still relevant 70 years on
The Fortune 500 is one of the oldest lists published in the financial media space. The first Fortune 500 was published in May 1955, and was based on annual revenue figures. The top ten companies on the list that year included: General Motors (GM), Jersey Standard, U.S. Steel (X), General Electric (GE), Esmark, Chrysler, Armour, Gulf Oil, Exxon Mobil (XOM), and DuPont (DD). Suffice it to say, the list has changed considerably since 1955 amid the rise in companies such as Microsoft (MSFT), Nvidia (NVDA) and Walmart (WMT). Besides showcasing how large a company’s revenue is for investors, the…
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