As Covid-19 Surges, the World’s Biggest Tech Companies Report Staggering Profits

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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.

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