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Big Tech crushes earnings despite backlash

Illustration: Lazaro Gamio / Axios

Facebook, Google and Twitter hit record first quarter earnings this week, despite pressure from Washington and Brussels to rein in their power. 

Why it matters: Advertisers and users have largely shrugged off the scandals surrounding user privacy, consumer safety and election meddling. Meanwhile, the companies still face hearings and investigations, but it's unclear if significant regulation will follow.