Amid the Coronavirus pandemic when the economy is slumped and the stock market is up, ‘the poor are getting poorer and the rich are getting richer'. GoNews Editor-in-Chief, Pankaj Pachauri, analyses how the seven big US companies increased their market value by $1.75 trillion in the time of the pandemic, which is equivalent to the market capitalisation of the Bombay Stock Exchange

Among them, Amazon is at number one. Amazon has increased its market cap by $600 billion during the lockdown. Microsoft's market cap has increased by $348 billion at number two. Similarly, Apple's $337 billion, Tesla $204 billion, Google $95 billion, Facebook $87 billion and Netflix managed to increase its market cap by $80 billion.

Though at the beginning of the epidemic, the condition of the companies was almost slight. The stock of the top seven highest-grossing companies in America also saw a steep decline. Apple's stock had fallen to $350 billion, but now it is among the top seven big companies. Similarly, shares of Tesla, Google and Facebook also fell down dramatically, while it did not have much of an impact on Amazon and Microsoft.

US news organization Financial Times had recently released the list of the top 100 companies in the world. These were the companies that increased their market cap rapidly during the lockdown and 47% of these companies were from the US only.