7 striking facts about the money tech companies are making
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April 27, 2018
Everyone knows the tech industry is rich, but it can be challenging to get your head around just how much money it's minting.
Four of the industry's giants — Facebook, Microsoft, Amazon and Google parent Alphabet — reported unexpectedly large profits this week. (Amazon's profit more than doubled Thursday.) A fifth, Apple, releases earnings on Tuesday. These companies are the largest on Earth, at least in terms of their market value.
The large profits come even as the tech industry, notably Facebook, faces questions about the extent to which companies depend on collecting personal data on users...
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