How Has COVID-19 Affected Financial Gains of Big-Tech Companies?

This study investigates the impact of the COVID-19 pandemic on the financial returns received by Big-Tech companies in order to predict future financial returns and related business activities. The main objectives of this paper are to delineate business models and financial statements of Big-Tech companies prior to and during the COVID-19 pandemic, present ample, relevant economic information regarding COVID-19, and encompass the effects of COVID-19 on global economies. This study then predicts the future economic effects of COVID-19 on Big-Tech companies. The selected Big-Tech companies included in this study are Facebook, Alphabet (Google), Apple, Microsoft, and Amazon; each company saw an unprecedented rise in their yearly profits due to COVID-19 related market trends, which consequently made them applicable to study their financial gains. Finally, actions and recommendations related to corporate social responsibilities were put forward. In this study, it is worth noting that the financial actions taken by Big-Tech companies prior to and during the COVID-19 pandemic resulted in potential Antitrust infringements and potential U.S. Codes’ consumer protection infringements to be addressed