Tech's massive money shield

The tech industry's leading giants are floating on a cushion of record profits in lakes of reserve cash, and all that money makes them just about unsinkable.

Driving the news: Tech's big five — Google, Apple, Amazon, Facebook and Microsoft — all report their earnings between Tuesday and Thursday this week. Recent quarters have delivered blowout results for these companies, and many observers expect the same again.

As David Streitfeld writes in the New York Times: "Silicon Valley, still the world headquarters for tech start-ups, has never seen so much loot."

Between the lines: The sheer magnitude of tech's financial power also makes these companies a target for critics' outrage and government regulation — but little of that has made an impact to date.

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