Tech Giants Shrug Off COVID-19 Crisis

As opposed to airlines, hotel chains, restaurants and millions of small businesses that are fighting for survival amid the COVID-19 pandemic, the world’s most prominent tech companies have been remarkably unaffected by the crisis (so far).

Defying the terrible state of the overall economy, all but one of the GAFAM group of companies (Google, Apple, Facebook, Amazon and Microsoft) posted double-digit revenue growth for the three months ended in June, raking in a combined $33.9 billion in profit in the second quarter alone.

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