As Covid-19 surges, the world’s biggest tech companies report staggering profits
Oct30

As Covid-19 surges, the world’s biggest tech companies report staggering profits

Despite a pandemic that’s shocked the entire economy and impending antitrust lawsuits, Big Tech is doing rather well. Amazon, Apple, Google, and Facebook raked in a huge amount of money last quarter: $38 billion in profits on nearly $240 billion in revenue. For the most part, this represents growth over what these companies made last year, despite the worst recession in the United States since World War II. These numbers are striking...

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