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Published: May 3rd, 2021
Big Tech’s dominance is highlighted by some recent earnings calls, another Amazon fulfillment centre in Peel Region closes due to COVID-19 outbreaks, and ransomware cases spike, causing experts to sound the alarm.
It’s all the tech news that’s popular right now. Welcome to Hashtag Trending! It’s Monday, May 3 and I’m your host Baneet Braich.
The past week’s quarterly results show Big Tech’s dominance during the pandemic. The Wall Street Journal reports that Apple, Amazon, Facebook, Google and Microsoft all set records in sales and profits and “recorded revenue growth near or above [the] fastest pace in years.” The New York Times calls the growth “bonkers.” In its recent reporting, the publication says 4 big tech giant’s combined revenue of $1.2 trillion for the quarter, a spike of more than 25% since the pandemic took hold. It is worth noting as tech giants’ profits grow, so do the number of lawsuits lodged at them. The numbe
Hashtag Trending, May 3, 2021 – Big Tech s bonkers dominance; Another Amazon fulfillment centre in Peel Region closes; Ransomware cases spike
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