SAN FRANCISCO: Big Tech goliaths like Facebook and Amazon unveiled whopping profits this week, showing their dominance in lockdown lifestyles is on course to grow well beyond the pandemic.
“Tech wins the day, the week, and seemingly the year,” Futurum Research analysts said of the surging revenues, driven by digital advertising, cloud computing, gaming and booming use of smartphones and e-commerce.
“The strength of tech is clearly untethered from Covid,” they added.
Powerhouses Facebook, Apple, Microsoft and Google parent Alphabet all reported higher revenues even as they face…
