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Data: Axios research. Table: Sara Wise/Axios

Two sets of data for 2020 show Big Tech's split-screen reality of cascading investigations on one side and surging valuations on the other.

Why it matters: Technology companies have never been under more regulatory scrutiny. But it so far hasn't impacted their growth or spooked investors.

Driving the news: Regulators across the country launched five new investigations last month into some of the most high-profile tech giants in the world.

  • The FTC, the Justice Department, Congress and nearly every state attorney general have dived into the business practices of Google, Facebook, Apple and Amazon.
  • CEOs, once elusive and hard to wrangle to Capitol Hill, have made multiple (remote) appearances in 2020, defending their businesses and describing themselves as American success stories.

Meanwhile, Amazon, Google and Facebook's stocks are trading at near-record highs.

  • The Google and Facebook share prices are each up roughly 30% since last January. Amazon's stock is up more than 70%.
  • Investors have rewarded all three companies for high-growth moves during the pandemic, including e-commerce and gaming.
Expand chart
Data: Yahoo! Finance; Chart: Axios Visuals

The bottom line: The dichotomy shows how little regulatory attention matters to Wall Street investors.

Go deeper

Stock market has worst week since October amid Reddit frenzy

Photo: Tiffany Hagler-Geard/Bloomberg via Getty Images

Wall Street had its worst week since October as day traders bid up stocks for GameStop, AMC and others that gained popularity on Reddit.

Details: The S&P 500 fell more than 1.9% on Friday. All of the major averages fell more than 3% this week.

Jan 29, 2021 - Technology

Facebook seeks a new head of U.S. public policy

Illustration: Sarah Grillo/Axios

Facebook is looking externally for a new U.S. policy chief as it moves Kevin Martin, a Republican who now holds the job, to a different position, per a memo seen by Axios.

Between the lines: Facebook is moving on from the Trump era in which Republicans held most of the power in Washington and Facebook was particularly eager among tech companies to forge warm relations with GOP policymakers.

Updated 3 hours ago - Technology

From Malcolm X to "Free Britney," new media shapes the justice system

Illustration: Shoshana Gordon/Axios

True crime documentaries, podcasts and social media campaigns are bringing new attention to real-world legal proceedings — and are often affecting the outcome.

Why it matters: New media platforms can instantly put a national spotlight on cases that have long been forgotten or buried under red tape.