Amazon sales jumped 40%, Facebook profit increased by 98% and Apple posted more than $11BILLION profit in last quarter
AMAZON sales have jumped by 40 percent, Facebook's profit has increased by 98 percent and Apple has posted more than $11billion profit in the last quarter.
The companies have all seen a rise despite the coronavirus pandemic causing stores to shut and employees to work from home.
"As many companies are falling by the wayside, the tech stalwarts continue to gain muscle and power in this environment."
Advertising revenue for Alphabet was the only drop seen throughout the tech giants - and the company still performed better than Wall Street expected.
The companies reported a combined quarterly net profit of $28.6billion.
In a closing statement, Congressman David N Cicilline called , , , and "monopolies."
He said monopolies used to be known by the names Rockefeller and Carnegie – but are now known as , Cook, Pichai, and .
"Their names have changed, but the story is the same. Their control of the marketplace allows them to do whatever they want."