America's big tech companies Amazon, Facebook, Google, and Twitter reported on Thursday their massive earnings for the third quarter this year. 

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The global pandemic has never stopped the big techs to earn massively this third quarter. America's big techs like Amazon, Facebook, Google, and Twitter reported on Thursday their earnings which exceeded the amount that they are projected to earn. 

Alphabet, Google's parent company, exceeded and beat the projection of Wall Street. They reported revenue of $46.2 billion which is 14 percent higher compared to their earnings in the same quarter last year. Their massive profit have helped to boost their shares to more than nine percent. 

Alphabet CEO Sundar Pichai said that they have a big a strong quarter, consistent with the broader online environment.

He also added, "It's also a testament to the deep investments we've made in AI and other technologies, to deliver services that people turn to for help, in moments big and small."

One of the factors seen in Alphabet's massive earnings is its revenue in advertising. Google's advertising this quarter has increased compared to last year. They earned $37.1 billion this quarter while $33.7 billion in the previous year in the same quarter. 

Meanwhile, the biggest online retail store, Amazon, has also reported on Thursday an increase in their sales in the third quarter, according to a published article in The Hill.

Their sales rose to 37 percent which is up to a record of $96.2 billion. This means that Amazon earned $6.3 billion compared to $21 billion last year. 

Apple has also exceeded the projection of Wall Street when it comes to earnings. Their revenue grew to a record of $64.7 billion.

However, the increase is only one percent compared to their earnings last year. Moreover, the company did not provide a forecast for the fourth quarter. 

CEO Tim Cook said in Apple's earnings report said: "Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive."

The biggest social media site Facebook also reported an increase in their earnings this third quarter. Facebook reported that it earned $21.47 billion in revenue compared to $17.66 billion last year. However, their number of users has decreased in the U.S. and Canada. 

CEO Mark Zuckerberg said: "We had a strong quarter as people and businesses continue to rely on our services to stay connected and create economic opportunity during these tough times." Even though there was an ad campaign boycott against Facebook, it did not affect their revenue. 

In fact, Facebook said that there was an increase of 22 percent in their advertisement this third quarter compared to last year. They earned more than $21 billion this quarter. This is particularly because of the different online stores created through Facebook. 

Lastly, Twitter also beat the expectations of the analysts for the third quarter but they also admitted that their number of users has also decreased. Their revenue has increased to 14 percent which is up to $936 million last year. They have 187 million active users but some analysts predicted higher numbers. 

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