How Google, Facebook, Apple, and Amazon Business Shine: The majority of the world is struggling with the lockdown. Consumers are not spending, and many industries have reached the brink of bankruptcy.
But some big companies in the technology sector feel that this global epidemic has had only a minor impact. And now, it is believed that after the recovery of this crisis, these tech firms will emerge more robust than ever.
In the last few days, ‘Google-owned companies Alphabet,’ ‘Apple,’ ‘Facebook’ and ‘Amazon’ have yielded results. Experts say that these companies, famous as GAFA (Google, Apple, Facebook, and Amazon) Group, have become precariously dangerous and need to be reprimanded.
How Google, Facebook, Apple, and Amazon Business Shine
Google and Facebook
Both Google and Facebook depend entirely on the revenue generated from advertisements. On the one hand, when advertising companies are cutting their marketing budget, you must be thinking that it will be a difficult period for companies like Google and Facebook.
In March, ‘Alphabet’ CEO Sundar Pichai suddenly saw a significant drop in revenue from advertisements. But the way the stock prices of the company have been seen to rise, it seems that the balance sheet of the company has started improving.
Facebook had also said that the coronavirus had some impact on its advertising business. But this trend was seen throughout the quarter that the earnings were not increasing as before.
On the other hand, the business drought for newspapers and television channels has reached an alarming extent.
Apple and Amazon
Meanwhile, Apple’s hardware business, ie, its phone sales has registered a decline, but the earnings from the company’s service have gone up.
The business of Amazon, a significant player in the online retail industry, is proliferating. Although the company’s expenses in dealing with the coronavirus have increased.
Because of this, Jeff Bezos had to warn investors to keep quiet. This was an indication that profit is not everything for them. Still, the policy of spending, spending, and keeping doing to make progress has made him the richest man in the world.
And there are full indications that Jeff Bezos and his company will emerge more powerful than before after the Corona crisis.
Demand to enforce strict rules and regulations
Satya Nadella of another big tech firm Microsoft said this week that his company had transformed two years of metamorphosis into just two months.
Obviously, the company’s results have been good. Nadella says that if this process of revolutionary development is expedited, it will make the company more productive.
But the speed with which these companies are making progress has already made them very powerful.
Jason Farman, who was President Obama’s economic adviser, is among those who actively support the demand to enforce stringent rules and regulations on these companies.
Jason Farman fears that the pressure on these companies will be reduced due to the Corona crisis.
American stock market
Says Jason Farman, “If the situation stays like this, these companies will look to strengthen their strong position. Or the rules imposed on them due to the Corona crisis have been eased a little. At some point, we will create financial trouble for ourselves. “
Some frightening economic data has been released in the US and Europe this week. US stock markets have seen improvement. The last month has been the best in the last thirty years.
And all this has happened due to these companies associated with the technology business. The shares of Amazon and Netflix have recorded a jump of 40% since March 15.
President Jones’ agenda had a lot of attention on the Dow Jones index, but the growth of these tech firms would mean that the Trump administration would lose interest in any action on them.
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