We’re finally starting to get a real sense of the impact that the coronavirus has had on tech. And it’s clear the results will be all over the map.
Snap’s results on Tuesday, for instance, showed decent growth in its business, with revenue up 17%. That is admittedly a comedown for Snap, which in the first quarter had posted 44% growth. But in this environment, as advertisers pull back sharply on spending, it may be about as good as anyone could hope for. And it’s this kind of growth that demonstrates why some parts of tech are going to come out of the pandemic-related downturn stronger, relatively speaking.