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Big tech's behind-the-scenes bets get bigger as Covid-19 slows economy

Many companies are retreating. But Amazon, Apple, Facebook, Google and Microsoft are placing bets to get even bigger

US tech giants | COVID-19 | Apple Inc

Mike Isaac | NYT  |  San Francisco 

Even as Facebook grappled this month with an internal revolt and a cascade of criticism over its refusal to take action on President Trump’s inflammatory posts, the social network was actively making other bets behind the scenes. Late one Tuesday, as attention was focused on how Facebook might handle Mr. Trump, the Silicon Valley company said in a brief blog post that it had invested in Gojek, a “super app” in Southeast Asia. The deal, which gave Facebook a bigger foothold in the rapidly growing region, followed a $5.7 billion investment it recently pumped into ...

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First Published: Mon, June 15 2020. 07:08 IST