News Summary

• In the spring of 2020, as a new and highly contagious virus spread throughout the country, the US came to a standstill.
• Amazon and Facebook more than doubled their head count, growing by 92 percent and 93 percent, respectively.
• Microsoft added nearly 80,000 new employees, while Google brought on over 60,000.
• Almost $4 trillion in combined market value vanished from Amazon, Facebook, Apple, Google, and Microsoft.
• Facebook lost two-thirds of its value.
• And nearly $1 trillion was shaved off Microsoft’s valuation.