GM’s Market Cap
An interesting little piece by Matt Nesto on CNBC.com about the market capitalization of General Motors. GM, which was once the biggest and baddest corporate creature on the planet, now has a market cap of only $7 billion dollars That is drastically down from a market cap of $56 billion in 2000.
To provide context to just how far the mighty have fallen, Matt compares the current GM cap to other U.S. companies. For example, GM’s market cap is now just one half of that of Avon. That’s right – Avon. It is one fifth of the market cap of Ebay. And it is 1/66 the size of Exxon.
