Friday, July 31, 2020
Big Tech Got Bigger, Big Oil Got Smaller During Virus Lockdown
Here is the article.
Facebook Inc., Amazon.com Inc. and Apple Inc. smashed analysts’ estimates on Thursday after shoppers turned to grocery delivery and iPhone entertainment while cities around the world shut down. Less than 24 hours later, Exxon Mobil Corp. and Chevron Corp. reported historic quarterly losses that, while expected, showed just how much fuel demand plunged when flights were grounded and commutes halted.