It seems that the big tech companies like Google, Facebook and Amazon remain entirely immune to the impacts of ongoing prolonged pandemic and recent regulatory hearings.
Ahead of the release of their earnings reports, these companies added a combined USD 163 billion to their market capitalisations. Google and Amazon saw growth fueled by the COVID-19 pandemic.
Facebook reported a slight drop in its everyday and monthly active users. Apple earnings surpassed analyst expectations and reported a record fourth-quarter revenue.