In the pandemic economy, #tech companies are raking it in
July 30, 2020 | Uncategorized
Illustration by Alex Castro / The Verge
From a pure entertainment perspective, I am genuinely sorry that the House’s antitrust hearing targeting the big four tech companies — Amazon, Apple, Facebook and Google — took place Wednesday instead of next week. Because literally a day after a meeting attempting to determine if Big Tech was too big, three of the four companies in the hearing got bigger. (Google’s parent company, Alphabet, had a decline in revenue of about 2 percent, mostly due to a decline in search ads — but this was still better than analysts predicted.)
The hearing was about how tech companies have consolidated their power. The coronavirus seems to be making that…
