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Tech giants prospering in lockdown

Byindianadmin

Jul 31, 2020
Tech giants prospering in lockdown

Jeff Bezos testifies by remote video Image copyright
Reuters

Amazon sales skyrocketed 40%in the 3 months ending June, while Apple saw a surge in purchases of its iPhones and other hardware.

At a hearing in Washington on Wednesday, lawmakers grilled the companies about whether they were abusing their dominance to quash rivals, keeping in mind the sharp contrast in between their fortunes and numerous other firms.

Their positions are most likely to become even stronger, as the pandemic presses even more activity online, stated Congressman David Cicilline, the Democrat who leads the committee.

Image copyright
Reuters

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