Big Tech Tumbles As Results Sound Alarm Bells

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Big Tech Tumbles As Results Sound Alarm Bells

Tiger Newspress2022-10-26

Grim results from Alphabet Inc and Microsoft Corp stoked fears of a global economic downturn and slammed the brakes on a fragile recovery in stock markets ahead of earnings from other tech megacaps.

Alphabet and Microsoft fell 7%; Amazon and Meta Platforms fell 3%; Nvidia fell 2%; Apple fell 1%.

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robot1234
·2022-10-27
Meta shares plummet on weak fourth-quarter forecast and earnings miss. Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter. The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters. The stock plunged in extended trading after already losing two-thirds of its value so far this year. Meta shares continued their 2022 freefall, plunging 19% in extended trading on Wednesday after Facebook’s parent issued a weak forecast for the fourth quarter and came up well short of Wall Street’s expectations for earnings. Meta is contending with a broad slowdown in online ad spending, challenges from Apple’s iOS privacy update and increased competition from TikTok. Add it up, and
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- Goupppppppp:
  👌
  2022-10-27
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- kktan:
  oo
  2022-10-27
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- AliceSam:
  [微笑]
  2022-10-27
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Carolir
·2022-10-26
.
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Universe宇宙
·2022-10-26
[LOL]
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Yamazaki月
·2022-10-26
Ahhhh
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Edwardtoh
·2022-10-26
Ok
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