The rebounding online ad economy just pushed Facebook and Google to new heights
The pandemic? The antitrust threats from government regulators? None of those seem to be fazing Big Tech right now, with the world’s five biggest tech companies — Apple, Microsoft, Amazon, Google and Facebook — reporting huge spring quarters over the last week. In total, those five companies reported a staggering $331.5 billion in sales between April and June. (The five goliaths nearly matched the record $364.9 billion in revenue posted in the holiday-stacked Q4 of 2020.)
To help put that in perspective, that revenue total is equivalent to the annual gross domestic product of countries like Ireland and Denmark. It’s not an exact comparison, but the point remains: Big Tech’s remarkable growth during the pandemic continued to chug along in Q2 of 2021.