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 4 days ago
 Source: theverge.com

In the pandemic economy, tech companies are raking it in

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Because literally a day after a meeting attempting to determine if Big Tech was too big, three of the four companies in the hearing got bigger. None of these companies wanted their earnings numbers read aloud to them before questioning beganThe hearing was about how tech companies have consolidated their power. Big Tech is composed of precisely the companies that stand to benefit from remote workIt’s worth remembering that tech companies — including ones that didn’t report earnings today, such as Microsoft, which is also having a profitable pandemic — responded quickly to COVID-19 by closing offices and stores. If other workplaces follow this trend, Big Tech is composed of precisely the companies that stand to benefit from remote work. Americans are simultaneously more reliant than ever on Big Tech — and less trusting of it.

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