Deep Dive: A Primer on Mag7 (Part 4)

What drives the Mag7's revenues and bottom lines? How do they allocate capital, and are they positioned for continued outsized returns? How should we understand them in relation to the market overall?

In 2011, I had just left Facebook under the assumption that I would start Social Capital and never work for anybody ever again. Then a recruiter reached out to me about a job at Apple, which I wasn’t interested in until they said it would report to Steve Jobs. Once I heard that, I realized that not only did I want to work for Steve, but whatever job he wanted me to do, I would have done it just for the opportunity to work with him. For years, I had watched Apple hit home run after home run while he was at the helm, releasing products that were so anticipated by people that they would camp…