Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.
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Apple’s share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years. Its latest earnings release will test that.
Alphabet, Microsoft and Texas Instruments posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months.
Shares of social media firms fell sharply on Friday as Twitter joined the Snapchat owner in signalling a cutback in digital ad spend as economic growth sputters.
Megacap US technology stocks are sinking again along with hopes that this year’s selloff had reached the point of exhaustion.
Google lashed out at the European Union on Monday for doling out a “quasi criminal fine of very large proportions”.
The effects of the fundamentally different approaches to management and culture at Alphabet and Meta Platforms have proven to be far-reaching.
Huawei almost doubled its R&D budget over the past five years to $22.1-billion in 2021 – more than any company in the world outside America.
Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter, potentially giving the billionaire a path to bring all of his business ventures under a single parent.
Microsoft, a stalwart of the technology industry, is having a tough time keeping up with the recent rebound in the biggest US megacap stocks.