Netflix blows away new subscriber expectations

Netflix reported its Q1 2020 earnings after the bell on Tuesday.
The company showed a huge uptick in new subscribers, which it attributed to people staying at home due to the coronavirus pandemic.
CEO Reed Hastings also praised rival Disney’s execution in launching its new streaming service, Disney+, last fall.

Amazon stock hits a new all-time high as it sees unprecedented demand

Amazon’s stock hit a new all-time high Tuesday as the coronavirus pandemic has catapulted the company into an unprecedented spotlight.
Amazon has said it would hire 175,000 more warehouse and delivery workers to keep up with the growing demand.
Once life returns to some sense of normalcy, Amazon could end up retaining customers whose loyalty it gained during the crisis.