There are even calls for more regulations given their huge platforms and business dominance.
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.
Microsoft, meanwhile, is enjoying explosive growth from its web-based, on-demand computing services.
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.
- 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.