If companies were judged by how much wealth each worker creates, Rightmove would be one of the world’s most successful enterprises (Simon Duke writes). The property website has a market capitalisation of £5.5 billion — an average of more than £10 million for each of its 538 employees. Apple and Alphabet don’t come close. The iPhone maker is valued at $8.8 billion for each of its 137,000 workers, while the owner of Google and YouTube is worth $8 million per employee.
This benchmark, of course, is arbitrary. It doesn’t tell us a great deal about the relative merits of these technology companies, nor how they may fare in the future.
However, it does illustrate the power of the internet portal and the winner-takes-most dynamics of
