As it currently stands, there are only seven companies in the world with a market capitalization in excess of $1 trillion. Six of them are technology businesses, with the outlier being energy conglomerate Saudi Arabian Oil, also called Saudi Aramco.

Technology businesses have long been considered high-risk, high-reward opportunities. Many of these companies develop software platforms, which often come with predictable, recurring revenue at a high margin. By consistently generating strong cash flow, these businesses have been able to reinvest profits into other growth areas including streaming, cloud computing, e-commerce, gaming, consumer electronics, and more.

One company that has done a stellar job evolving beyond its initial service is Uber Technologies (NYSE: UBER). You probably know Uber as an alternative to taxis. But the company actually provides far more value to customers.

Continue reading

Source Fool.com