Tech Giants Rethink the Businesses That Made Them Big - News Summed Up

Tech Giants Rethink the Businesses That Made Them Big


Microsoft, Apple, and Amazon are the first three publicly traded U.S. companies to hit $1 trillion in market value. WSJ’s Dan Gallagher explains how each company reached the milestone. Photo illustration: Laura KammermannGoogle, Facebook Inc. and other tech giants have long tinkered with ways to grow outside the core businesses they dominate. Now those efforts are becoming urgent. Facebook Chief Executive Mark Zuckerberg, beset by public anger over abuses on the social network, spent the company’s annual developer conference last week talking up his vision for a Facebook more focused on private messaging and small groups than on the advertising-driven social-media hub that gained it nearly 2.4 billion monthly users.


Source: Wall Street Journal May 05, 2019 15:45 UTC



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