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Here’s a stark example of how the global coronavirus pandemic affects America’s tech giants, versus how it affects pretty much everyone else.
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On May 12, Alphabet Inc. subsidiary Waymo announced it had scored an additional $750 million to make self-driving cars a commercial reality, bringing its total external fundraising to $3 billion inside two months. Then, on the 18th, The Wall Street Journal reported that Uber Technologies Inc. is cutting $1 billion in fixed costs. This included laying off roughly a quarter of its workforce…
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