Mega Tech Firms Add USD 163 Billion To Market Values, Remains Unaffected By COVID-19 Challenges

  • October 31, 2020 05:03 AM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

 

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.

 


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