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Tech Results to Test Theory That Sector Dodged Major Virus Pain

  • Falling digital ad budgets, ride-sharing collapse are concerns
  • Surge in online activity will take longer to turn into profit
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Google's Hiring Slowdown Is 'Surprising,' Says Rich Talent Founder

Investors have treated technology companies as a relative haven from the Covid-19 pandemic, assuming the industry has avoided the most painful aspects of the crisis. That theory will be tested when the largest tech companies begin reporting results this week.

Digital advertising budgets are being slashed and demand for iPhones and other gadgets is sliding, while ride-hailing and online travel businesses have been hammered.