Interesting that Facebook and eBay also reported a good quarter. It seems like maybe since more people are staying home, social media and online shopping are doing well since that’s what left for people to do.
I wouldn’t be surprised to see Snap and Twitter and Netflix doing ok this quarter.
It seems a little strange. Normally, in a economic decline, you would think the unicorn companies would be the first to fall hard. But in this case, since people have to stay at home, it seems like the brick and mortar retail and service companies and tourism businesses are falling harder than the unicorn companies… Look at GE, Ford, and Boeing, AMC theaters, and the gaming companies, and Carnival cruises…All gutted… Interesting times.
