‘A Perfect Positive Storm’ : Bonkers Dollars for Big Tech
▻https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html?campaign_id=158&emc=edit_ot_20210430&instanc
The dictionary doesn’t have enough superlatives to describe what’s happening to the five biggest technology companies, raising uncomfortable questions for their C.E.O.s. In the Great Recession more than a decade ago, big tech companies hit a rough patch just like everyone else. Now they have become unquestioned winners of the pandemic economy. The combined yearly revenue of Amazon, Apple, Alphabet, Microsoft and Facebook is about $1.2 trillion, according to earnings reported this week, more (...)
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