Amazon, Facebook and Google Are Doing Well Amid the Coronavirus Crisis, But Will It Last?

Click here to read the full article. The coronavirus crisis has played to the strengths of tech companies: People are staying indoors, increasingly using the internet and streaming more video than ever.It’s clear that the tech giants are well positioned to make it through the crisis relatively intact. “Alphabet [Google’s parent], Facebook and Amazon will be just fine,” says Tal Chalozin, co-founder and chief technical officer of ad-tech company Innovid. The crisis stands to make the most powerful tech companies even stronger, as they have business models built for digital marketplaces and the cash reserves to withstand an economic downturn, …read more

Source:: Yahoo Finance

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