Coronavirus making Bill Gates, Mark Zuckerberg richer


This United States TV video says about itself:

GOP [Republican party] Senators Sold Stock After Secret Coronavirus Briefing | All In | MSNBC

Senators Richard Burr and Kelly Loeffler got a private briefing about the coming pandemic. Then they dumped stocks before the market tanked. Aired on 03/20/2020.

Translated from Dutch NOS radio today:

For the time being, the coronavirus crisis brings financial benefits to the American software giant Microsoft [owned by Bill Gates]. In the past quarter, the corporation made a profit of nearly $ 11 billion, or 22 percent more than a year earlier.

Microsoft is mainly benefiting from the increased number of at-home workers. Eg, there was a much greater demand for products such as Teams and Skype, with which people can communicate.

Cloud services were also purchased more. “In a two-month period, there has been a digital transformation that normally takes two years,” said CEO Nadella in an explanation of the figures.

Facebook

Another tech corporation, Facebook [owned by Mark Zuckerberg], also seems to take advantage of the fact that many people are at home. The number of active users of the social network has risen to 2.6 billion. That is 10 percent more than last year.

Facebook sales and profits have also increased.

3 thoughts on “Coronavirus making Bill Gates, Mark Zuckerberg richer

  1. Pingback: Mass anti-racist protests, worldwide | Dear Kitty. Some blog

  2. Pingback: Facebook bans Dutch anarchist, welcomes nazis | Dear Kitty. Some blog

  3. Pingback: Billionaires profit from COVID-19 disaster | Dear Kitty. Some blog

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