Big Tech Companies Reap Gains as Covid-19 Fuels Shift in Demand

📆 10/29/2020 9:30 PM
📰 WSJ

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Strong sales from the tech powerhouses show how the pandemic has elevated use of everything from online shopping to social media to cloud services

Tech giants including Amazon.com Inc. and Google reported strong quarterly sales and profits that showed how pandemic-era demand for their digital services and gadgets is driving them to new heights even in the midst of a debate about their market power.

The financial results announced Thursday, which also included record revenue at Facebook Inc., illustrated again how increased remote working and living has elevated use of everything from online retail and social media to cloud computing services and digital advertising—accelerating...

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