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When people can no longer move freely but stay home more frequently, their lifestyles change as well. The number of people shopping online is increasing, as are those who play various forms of online games or watch live entertainment.
A company that is strong The numbers are Nvidia, which makes graphics cards for games, which will make a 46 percent higher profit in 2020 than in 2019. Amazon, which attracted a large number of new customers during the pandemic, will also increase by 35 percent, while that streaming service Netflix will do so by 25 percent.
“Everything that happens in the world is really unfortunate, but it has made video games the largest entertainment medium in the world,” Nvidia CEO Jensen Huang told investors earlier this fall, writing the Washington Post.
Large retail chains like Home Depot and Walmart also show positive numbers as customers bought cleaning products, household utensils and things that belong to their various interests in quantities, writes the Washington Post.
Small businesses had it significantly tougher in 2020. Their billing dropped by an average of 12 percent.
Facebook (+17 percent), Microsoft (+13 percent) and Google’s owner Alphabet (+9 percent) have also shown big gains compared to last year.
On Wednesday, ten US states accused Google of abusing its monopoly position to overcharge for ads and drive out competitors who would otherwise have threatened the company’s dominance. Write the New York Times.
Google should have stopped too a deal with Facebook to benefit the two companies in terms of advertising, writes the Wall Street Journal.
Google denies the allegations, while Facebook has chosen not to comment on them.
Despite the large profits, 27 of the 50 large companies have lost their employees. In all, more than 100,000 people have had to quit their jobs, writes the Washington Post.
