US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks
FT News Briefing
00:00
Tech Resilience Amidst Economic Turmoil
This chapter explores the stark contrast between the robust performance of major tech companies and the struggling broader economy during the pandemic. It highlights the disconnect between stock market success and real economic challenges, examining the implications for everyday citizens amid rising unemployment and declining GDP.
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Transcript
