US tech titans buffeted by economic headwinds and TikTok

Published by
AFP

San Francisco (AFP) – US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now. With Apple and Amazon due to report quarterly earnings after the close of market Thursday, shares of Meta and Google-parent Alphabet have tanked after disappointing financial results this week. “This week will go down in the history books of earnings season as one of Big Tech’s worst and ultimately could be a ‘fork in the road moment’ for the stalwarts looking ahead,” Wedbush analyst Dan Ives said in a note to investors. Managem…

Read More

See also  Facebook parent Meta sheds $200 bn in stock plummet

Leave a Reply