DoorDash and the "new Tesla": what to expect from the latest investment hits

The end of an era has come. General Electric announced on November 9, 2021 division of business into three separate companies — medical, aviation and power, completing thus the 120-year period of existence of corporation. Against the backdrop of this news, shares of General Electric rose 2.7%.

The final split, which will take more than a year, will mark the end of a conglomerate that has struggled for years since the financial crisis.

Twenty years ago it was the world's largest company, with a market capitalization of over $401 billion, but has since been surpassed by dozens of other S&P 500 firms.

The corporation's management hopes that due to business fragmentation, individual companies (as opposed to a single giant) will be able to flourish in various sectors of the economy by streamlining operations and increasing the responsibility of individual enterprises.