Amazon, Apple, Facebook, and Microsoft have performed better than most businesses during the COVID-19 pandemic.
TikTok has come under fire from US lawmakers over national security concerns surrounding data collection.
Microsoft and Facebook facing challenges in bringing cloud gaming services on iOS devices.
Trump had raised security concerns about TikTok’s entry into the United States.
Microsoft is reportedly in talks to buy TikTok
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Microsoft’s overall revenue grew 13% on an annualized basis in the quarter.
Microsoft will now gain additional technology for monitoring corporate hardware.
Apple, Amazon, and Facebook, all gained more than 3% yesterday, while Microsoft finished slightly higher at about 0.8%, despite COVID-19 induced lockdowns.
The founder of Slack, Stewart Butterfield, has taken a swipe at Microsoft after Slack gained 2 million users in about two weeks.
