Corona Crisis: How did Google, Facebook, Apple and Amazon's business shine?

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3 years ago

Large parts of the world are struggling with lockdown. Consumers are not spending and many industries are on the verge of closure.

But some of the big companies in the technical sector seem to have been only slightly affected by the Corona epidemic.

Once the crisis is resolved, these tech companies are expected to grow stronger.

In the last few days, the company Alphabet, Apple, Facebook and Amazon have come up with results to own Google.

These companies, known from the Gafa (Google, Apple, Facebook and Amazon) groups, have become dangerously powerful and should be disbanded, experts say.

Google and Facebook

Both Google and Facebook are totally dependent on advertising revenue.

We believe that companies like Google and Facebook are having a hard time while advertising companies are cutting their marketing budgets.

Last March, Alphabet's chief executive officer (CEO) Sundar Pichai said there had been a sharp drop in advertising revenue. However, the rise in the company's share price has started to improve the company's balance sheet.

Facebook also said that the corona virus had affected the advertising business. But in the last three months, the revenue from advertising has not increased.

On the other hand, the activities of newspapers and TV channels are also becoming a trap.

Apple and Amazon

Apple's hardware business, meanwhile, has seen a decline in sales, but sales of the company's services have increased.

Amazon, a major player in online retail, has grown exponentially. Its cloud computing business is also doing well.

However, the company's costs of dealing with the carina virus are rising.

Because of this, Jeff Bezas had to warn investors to remain silent. For him, it was a sign that profits alone were not enough. But the policy of spend, spend and do for success made him one of the richest people in the world.

There are also signs that Jeff Bezas and his company will become stronger after the Corona crisis.

Demand for strict rules

Satya Nadella of another large technology company, Microsoft, said this week that her company had undergone two years of transformation in two months.

As a result, the company's results are coming in well. According to Nadella, the company will be more effective if this process of revolutionary development is accelerated.

But as the company has become more successful, it has made the company more powerful than ever.

Jason Farman, a former economic adviser to former US President Barack Obama, strongly supports the demand for tougher rules on the company.

Jason Farman fears that the pressure on these companies will ease due to the Corona crisis.

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Comments

Small correction, Satya Nadella is a he, not a she :)

$ 0.00
3 years ago

The majority of the world is struggling with the lockdown. Consumers are not spending and many industries have reached the brink of insolvency.

$ 0.00
3 years ago

That's the reason why these company are more powerful today.

$ 0.00
3 years ago

This case of corona is really affecting the world. It also affected the world economics generally.

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3 years ago