Post
Topic
Board Economics
Re: In the pandemic economy, tech companies are raking it in
by
Latviand
on 02/08/2020, 17:22:37 UTC
These types of businesses are not those which would bow down to the circumstances brought forth by the pandemic. On the contrary, they have the edge over others. COVID-19 most probably brought more people online and more online hours from the majority.  

Because people have nothing to do with the rules and regulations, so we have no choice but to stay at home and use the social media all day and night.

That's why people are so into the use of online platforms 24/7  due to boredom and stress.

The pandemic made those companies earn more because everyone is at home and has nothing to do but to watch on YouTube, buy things on Amazon, and use Facebook to browse and communicate with other people.

Online businesses are really popular nowadays and we prefer to buy online using our debt cards and bank accounts to a much faster payment. Those businesses do really have a lot of customers because shopping outside isn't safe and it is hard to deal with the environment when there's still a risk of getting the virus from malls, markets, and other shops, so people prefer to spend their money online.

Social media really connects people, so with the use of Facebook, Messenger, Instagram, and etc., you can still be updated with someone.