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Big Tech has been the biggest financial beneficiary of the pandemic, in the absolute and relative terms. 

Google, Facebook, Twitter, Microsoft, and Apple have collusively monopolized communication of information about COVID-19, and nearly doubled their market capitalization from $4T to nearly $8T.

Table 1. Changes in GFTMA stocks prices and capitalization from January 1, 2020 to January 1, 2022.

CorporationTicker1/1/2020Cap, $T1/1/2022Cap, $TGrowth
Google (Alphabet)GOOG$1,4340.95$2,7261.811.90
Facebook (Meta)FB$2020.56$3180.881.57
Prices are adjusted for splits and dividend and/or capital gain distributions

Figure 1. The market price increase of GOOG, FB, MSFT, and AAPL during the same time

via Science Defies Politics


January 20, 2022