Goldman Sachs And The Decline Of Wall Street

May 26, 2016 6:55 PM

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There is more proof that America's center of power is moving from Wall Street to Silicon Valley. A data-driven technology company is accumulating far more cash and revenue, than a famous investment bank.

Revenues at America's most prominent investment bank; Goldman Sachs Group (NYSE:GS), fell by $4.28 billion during the first quarter of 2016. During the same period revenues at Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL); the company formerly known as Google, rose by $3 billion.

Also read: Malicious cyber activity cost U.S. up to $109 billion in 2016: White House report

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