You may have heard that the tech giants are on their heels. Then there are the questions of their vulnerability to foreign influence and their capacity for addicting us to their products. Yet there is something deeply incongruous at the heart of the supposed “techlash”: It is not really making a huge dent in the tech giants’ financial performance. Over the last two weeks, each of the five reported earnings that were brimming with mostly fantastic news for its investors. Amazon, which has long conditioned shareholders to expect a lot of growth but not much earnings, reported a record profit.

Source: New York Times August 01, 2018 09:00 UTC