I'm not so sure. Recent news has been that lots of startups are laying people off and Google has slashed budgets and frozen (or at least scaled back) hiring across the company.[1]
Companies like Google and Facebook that rely on ads for most of their revenue aren't going to be doing so well when a lot of the businesses that buy their ads are closed down.
Companies like Apple that sell premium-priced goods are also not likely to do well in a recession - people who have lost their jobs or are afraid of losing their jobs won't be running out to buy a new iPhone.
I'm not so sure. Recent news has been that lots of startups are laying people off and Google has slashed budgets and frozen (or at least scaled back) hiring across the company.[1]
Companies like Google and Facebook that rely on ads for most of their revenue aren't going to be doing so well when a lot of the businesses that buy their ads are closed down.
Companies like Apple that sell premium-priced goods are also not likely to do well in a recession - people who have lost their jobs or are afraid of losing their jobs won't be running out to buy a new iPhone.
[1] https://www.cnbc.com/2020/04/23/google-to-cut-marketing-budg...