1.7 days. Oh sorry, I thought you were asking how long it takes for a swallowed Lego to make it out the other end. Anyway, it's 1.7 days.
In the conversation about Big Tech, the discussion usually centers around Apple, Amazon, Google and Facebook, with Microsoft often overlooked or included as an afterthought.
And yet Microsoft is now neck and neck with Apple for the title of most valuable company in the world.
At market close on Monday, Microsoft was worth $817 billion, just shy of Apple's $829 billion. That comes amid a steady 2-year climb for Microsoft and a recent steep drop in Apple's valuation, which topped $1 trillion not long ago.
Between the lines: The story isn't just about the drop in Apple shares, but also the resilience of Microsoft despite having lost its seat at the cool kids' table. This year alone, Microsoft surged past Amazon and Google parent Alphabet.
Why? Microsoft has gradually moved from a consumer and business PC company to one that's increasingly focused on the less sexy, but highly profitable data center.
Yes, but: Aren't PC sales flat? They are. But Microsoft has managed to offset that with a fast-growing business in cloud computing.
What they're saying:
Background: Apple and Microsoft have been rivals in the PC world since the early days. When it comes to valuation, though, they have spent most of their history far apart.
But, but, but: The longer view you take, the more you need to think about adjusting for inflation. Today's $800 billion company isn't the same as $800 billion two decades ago.
The bottom line: Market cap is not an indication of innovation, but it does show where Wall Street is placing its bets on the future.
The 5G wave will begin with a trickle of early adopters next year, but reach more than 1 billion subscribers by 2023 and 1.5 billion the following year. At that point, 5G networks will cover 40% of the earth's population and carry a quarter of the world's mobile data traffic, according to a new report from Ericsson.
Why it matters: That's the fastest global adoption ever of a new generation of wireless technology. In addition to faster speeds, 5G offers other benefits, including minimal delay that could pave the way for things like remote operation of vehicles.
By the numbers:
A new report from Cisco forecasts that internet traffic will rise sharply in the coming years in Asia, North America and Europe, while growing far slower in emerging markets, particularly Latin America.
Why it matters: Latin America's lagging internet infrastructure capacity could hamper the deployment of new digital technologies like streaming or self-driving cars, Axios' Sara Fischer reports.
Details: Latin America is behind its competitors in Europe, North America and Asia in both public Wi-Fi access points and home broadband access, per Cisco's latest Visual Networking Index (VNI).
Be smart: A weak regulatory framework for increasing connectivity is likely what's to blame for this gap, according to Cisco senior director of technology and spectrum policy Mary Brown.
"If I were a regulator in Latin America, I'd be looking at this data with some degree of concern. Because Latin America is not doing what the Middle East and Africa are doing, which is using regulatory frameworks to create more internet competition."— Mary Brown
The bottom line: Latin American countries are far behind in creating meaningful internet accessibility policies, especially in comparison to North America, which is so far ahead that it's reaching a point of saturation.
Go deeper: Sara has more here.
Lawmakers will push members of the Federal Trade Commission today to provide details of their investigation into whether Facebook’s handling of the Cambridge Analytica data leak violated a previous legal settlement with the agency.
Why it matters: Facebook is under intense political pressure around the world, with hearings on both sides of the Atlantic challenging its commitment to treating its users fairly.
Details: The 5 members of the Federal Trade Commission, including Chairman Joe Simons, will appear Tuesday afternoon before a subcommittee of the Senate Commerce Committee, Axios' David McCabe reports.
The panel’s top Democrat, Connecticut Sen. Richard Blumenthal, said on Twitter this weekend that the "FTC, Justice Department, SEC, & Senate Commerce Committee — all must investigate Facebook. Privacy commitments, deceptive & misleading practices, shareholder disclosure, antitrust — everything must be on the table.”
Across the Atlantic, Facebook’s Richard Allan today faced policymakers from around the world who are part of a British parliamentary effort to question the company. In the hearing, Allan admitted that the no-show by CEO Mark Zuckerberg was "not great."
The big picture: The social network has been gripped in recent weeks by allegations that its leadership failed in key ways to manage the many scandals that have struck the company over the last 2 years.
Go deeper: David has more here.