US tech titans buffeted by economic headwinds and TikTok

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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. Apple and Amazon shares were casualties on Thursday, and their respective quarterly earnings reports disappointed investors hoping for rays of sunshine on a dark economic landscape. Meanwhile, 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 stalw…

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