Tech titans poised to reap long-term benefits of pandemic shifts

Amazon.com Inc, Facebook Inc and Google detailed the ways people have become more dependent on their offerings since shutdowns and quarantines changed how people shop, work, learn and interact – saying these trends could drive growth long-term. — Bloomberg

Scads of Internet companies saw a boost in user attention – and the revenue that comes with it –during pandemic lockdowns that kept people at home and glued to their devices. But only the biggest ones are poised to reap the long-term benefit of changing consumer habits.

In earnings reports last week, Amazon.com Inc, Facebook Inc and Google detailed the ways people have become more dependent on their offerings since shutdowns and quarantines changed how people shop, work, learn and interact – saying these trends could drive growth long-term.