This week has seen earnings announcements from Big Tech: Microsoft, Facebook, Google, Amazon and Apple. Until the COVID-19 pandemic, Apple routinely sent its employees to China to learn about the manufacturing processes and tour the factories involved in its projects. The biggest tech companies can always throw enough resources to expand capacities where needed or use its cash reserves as a buffer against the uncontrollable. Although foot traffic to non-grocery retail stores has dramatically declined with a more than 97 ... [+] percent drop during the last two weeks of March, Amazon saw consumer spending rise by 35 percent. Had the COVID-19 pandemic not happened, a service cobbled together by Apple and Google would have triggered a tedious antitrust review.

Source: Forbes May 01, 2020 11:50 UTC