Age of the tech titans


Lawmakers and pundits have pounded Google (GOOGL), Facebook (FB) and Twitter (TWTR) for publishing fake digital political ads by Russian actors.

There are even calls for more regulations given their huge platforms and business dominance.

Yet business has never been better for big tech. Just look at the explosive earnings from Google parent Alphabet (GOOGL), Facebook and Microsoft (MSFT).

 

tech titans

 

Amazon Juggernaut

Alphabet’s mobile search advertising business and YouTube video site helped the company beat Wall Street profit expectations and generate $27.77 billion in revenue, up 24% from a year ago.

E-commerce giant and traditional retail slayer Amazon (AMZN) boosted its revenue by 34% year-over-year.

 

investing

 

Microsoft, meanwhile, is enjoying explosive growth from its web-based, on-demand computing services.

 

Takeaway

Small wonder investors have piled into tech stocks.

The combined market value of Facebook, Apple (APPL), Amazon, Netflix and Google is more than $2.5 trillion as of October 26.

For the moment at least, this is the age of the Tech Titans in my opinion.

Photo Credit: Pete Slater via Flicker Creative Commons

Author profile

Xavier Brenner
Xavier Brenner
Xavier Brenner has covered global market, business and economic trends for Interactive Brokers Asset Management since 2013. An experienced financial journalist, Brenner offers analysis and insights on the stories that matter to the discerning investor.