Big Tech companies are posting huge revenue gains


Big tech giants such as Facebook are posting huge earnings growt as lockdowns and working from home are boosting their revenues. After Microsoft posted 30% increase in revenue and 48% in their cloud serives compared to last year, Facebook was another firm that reported big increase compared to 2019 by 37%. This also comes after both Amazon and Google reported similar earnings growt. With situation in global pandemic getting worse, we can expect similar results next quater as well. (Mattioli, Wall Street Journal)

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