Earnings

Tech giants’ Q1 earnings showed dominance

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The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else.

Alphabet, Amazon, Apple, Facebook and Microsoft all reported March-quarter earnings this week, and some of the numbers that came out showed how dominant they are. In many cases, relatively small business units buried within the giants are generating more revenue than entire big-name tech companies.

For instance:

Google’s YouTube is on track to generate as much revenue this year as Netflix — once dubbed a peer in the collection of “FAANG” stocks. Yet YouTube is a relatively small business for



Source cnbc.com

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