Alphabet Stumbles

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If Wednesday's Congressional showdown was the shot, Thursday's reported earnings from those companies—Facebook, Alphabet, Apple and Amazon—was the chaser.

Notably, for the first time, Alphabet (Google's parent company) saw a year-over-year revenue decline. As stay-at-home orders continued, Apple made $13.2 billion in "services" like the App, Apple Music and iCloud.

Facebook acknowledged that the ongoing ad boycott could affect next quarter's profits. Amazon, again, noted that third party sales grew faster in Q2 than first party sales.

Here are their reported revenues in Q2:

In other news:

Need a break? TikTok is braced for "The Weeknd Experience."

Speaking of The Weekend, hope you can relax and unwind during this one upcoming (as much as is possible in these times)... we'll see you here next week.

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