Opinion: Google and Microsoft Earnings Show the Bar Has Been Lowered for Big Tech

MarketWatch2022-07-27

Both companies reported some worrisome results, but stocks rise as Wall Street was afraid of much, much worseWall Street was scared about what was to come from Big Tech’s earnings, but the lack of a ...

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Comments

Troedas
2022-07-27
Troedas
Cool
ATM228
2022-07-27
ATM228
MAGA like!
Mtan23
2022-07-27
Mtan23
Good to know
Runningdown
2022-07-27
Runningdown
Like pls
- MaxNg:
  👌
tadirazo
2022-07-27
tadirazo
Like pls
- Troedas:
  liked
TeslaLegend
2022-07-27
TeslaLegend
Nice

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Microsoft saw its PC business soften, as the big PC boom of the pandemic is over. The advertising slowdown is also affecting its LinkedIn business, while the Xbox business is slowing rapidly as the pandemic-fueled surge in videogames wears off.But those stocks are not facing the wrath reserved for some smaller competitors. Last week, social-media company Snap Inc. raised more fears among investors about internet ad spending,and its stock plungedas the overall economy battles with inflation, changing consumer patterns and higher interest rates.Microsoft and Google were able to avoid the same fate, though it’s possible that it will just take longer for the slowdown to actually affect companies so large, and with dominant positions in important industries. But make no mistake, there is a slowdown, and it is affecting Big Tech, just maybe not to the degree that it will result in big chunks taken out of their gargantuan market caps — 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