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01 May 2020The large companies in the technology sector do not seem to have been cornered by the Coronavirus, on the contrary. The Nasdaq, the American list of the most innovative companies, is there to demonstrate that all the losses have been recovered since the beginning of 2020.

The sector continues to grow more than other lists, also due to the lockdowns that, forcing people home and in teleworking in many companies, it has increased hours on the Internet, as well as sales of technological products, especially those for smart working, online purchases and video and music streaming packages. 

To push the Nasdaq are above all the so-called 'Faang' (Facebook, Amazon, Apple, Netflix and Google), which have positively surprised the markets, presenting in the first three months of the year the balance sheets that support, at least for now, the triggered crisis from coronavirus, with positive effects on the whole supply chain.

Facebook and its galaxy, which includes social networks and chats, has been able to count an increase of 10% of users and 15% of profits. Microsoft, the software and cloud giant, has held up well thanks above all to the latter. Amazon is probably the tech company that has benefited most from the pandemic: to cope with the surge in orders due to lockdowns and staff shortages, it had to reorganize its website, hire more couriers and sell fewer items, in an attempt to convince customers to buy essential products.

Alphabet, parent company of the Google search engine, posted revenue growth of 13% in the first quarter to $ 41.2 billion, which balances the drop in profits, which fell to $ 6.8 billion from $ 8.3 billion. billion, under forecast, while Netflix, top player of streaming TV, in the first quarter of 2020 reached a total of 15.77 million new subscribers, marking the record of quarterly earnings. The company now has
182.9 million paying subscribers globally, up 22.8% from a year earlier.