|FROM ||Ruben Safir
|SUBJECT ||Subject: [Hangout - NYLXS] COVID-19,
|From hangout-bounces-at-nylxs.com Sat May 1 23:44:01 2021
Received: from www2.mrbrklyn.com (www2.mrbrklyn.com [188.8.131.52])
by mrbrklyn.com (Postfix) with ESMTP id 89EE7163FCF;
Sat, 1 May 2021 23:44:00 -0400 (EDT)
Received: from [10.0.0.62] (www.mrbrklyn.com [184.108.40.206])
by mrbrklyn.com (Postfix) with ESMTP id 048F2163FBB;
Sat, 1 May 2021 23:43:38 -0400 (EDT)
To: "Wuhan(COVID)-19 Discussion and Medical Professionals"
From: Ruben Safir
Date: Sat, 1 May 2021 09:09:28 -0400
User-Agent: Mozilla/5.0 (X11; Linux x86_64; rv:78.0) Gecko/20100101
Subject: [Hangout - NYLXS] COVID-19,
The Digital Police State and the anti-trust.
List-Id: NYLXS Tech Talk and Politics
Content-Type: text/plain; charset="windows-1252"
Five Tech Giants Just Keep Growing
The staff of The Wall Street Journal
Your browser does not support the audio tag.
Listen to this article
This feature is powered by text-to-speech technology. Want to see it on
Give your feedback below or email audiofeedback-at-wsj.com.
If the pandemic had never happened, the tech industry=92s clout likely
would have risen over the past year. But the economic effects of
Covid-19 have catapulted the tech titans to heights few might have
imagined possible a year ago.
The past week of quarterly financial results from Apple Inc., AAPL
-1.51% Microsoft Corp. MSFT -0.13% , Amazon.com Inc., AMZN -0.11%
Facebook Inc., FB -1.34% and Google-parent Alphabet Inc. put that
dominance on vivid display. Each of these companies=97already juggernauts
pre-pandemic=97recorded revenue growth near or above its fastest pace in
The quintet set records for sales and profits. Revenue at Apple, the
world=92s most highly valued company, jumped 54% to the highest level it=92s
ever hit for the first three months of the year. Amazon logged its
fourth straight record quarterly profit=97a stretch when its total
earnings exceeded those of the previous three years combined.
=93Over a year into the pandemic, digital adoption curves aren=92t slowing
down. They=92re accelerating,=94 said Satya Nadella, chief executive of
Microsoft, whose revenue rose 19% in the latest quarter.
The stock market gives a glimpse of just how enormous these companies
have become in this extraordinary period: Combined market value for the
five Big Tech companies is now over $8 trillion, accounting for nearly a
quarter of the total value of the companies in the S&P 500. That is
nearly double the percentage five years ago.
Here=92s a closer look at the big five, by the numbers:
>From January to March, Apple sold $47 billion in iPhones. That was a 66%
jump from a year earlier, thanks to new models with next-generation 5G
technology. Consumers spent more on the premium iPhones, too, with the
average retail price in the U.S. up $52 from a year earlier to $847,
according to data from Consumer Intelligence Research Partners LLC.
Microsoft=92s workplace-collaboration tool, Teams, now has 145 million
daily active users.
That=92s almost double the year-ago figure, and up from around 20 million
in November 2019. Mr. Nadella has said the pandemic accelerated adoption
of a range of digital tools, benefiting its operations from business
software to cloud-computing to videogames.
The e-commerce giant now has 950,000 U.S. employees, compared with
500,000 about a year ago.
The company hired at a brisk pace to meet pandemic-induced demand for
essential goods and shorten delivery times. Amazon is now the country=92s
second-largest non-government employer after Walmart Inc., and it said
this past week it is hiring for tens of thousands of positions across
Advertising revenue grew 49% in the latest quarter at YouTube, the video
arm of Google.
YouTube became the nation=92s entertainment hub during a stay-at-home
year, attracting so many viewers that its ad sales hit $6 billion in the
quarter, just 16% less than Netflix Inc. generated for the period.
Google squeezed more money out of brands with new ad formats that enable
direct purchases within YouTube during commercials.
Facebook, Instagram, Messenger or WhatsApp were used at least once by
3.45 billion people within the last month.
That=92s up nearly a sixth from the 2.99 billion figure a year earlier. As
people stuck at home lived more of their lives online and sought out
more information and interaction, the company=92s seemingly ubiquitous
reach grew even further.
Appeared in the May 1, 2021, print edition as 'In Tech, There=92s
Regular-Big And There=92s Pandemic-Big.'
So many immigrant groups have swept through our town
that Brooklyn, like Atlantis, reaches mythological
proportions in the mind of the world - RI Safir 1998
DRM is THEFT - We are the STAKEHOLDERS - RI Safir 2002
http://www.nylxs.com - Leadership Development in Free Software
Being so tracked is for FARM ANIMALS and extermination camps,
but incompatible with living as a free human being. -RI Safir 2013
Hangout mailing list