HomeTechnologyLess fitting, Gafam's collapse...

Less fitting, Gafam’s collapse on Wall Street

Gaffams are companies like any other, sensitive to inflation, currency effects, certain supply difficulties and generalized fear of recession. That’s what Wall Street seems to have discovered with some horror this week, with back-to-back quarterly results from Alphabet (Google), Microsoft, Meta, Amazon and, to a lesser extent, Apple. After a decade of phenomenal growth and a two-year pandemic that took them sky high, fueling all things digital, five Silicon Valley stars are marking time.

Posting its lowest quarterly revenue growth rate (6%) since 2013, Google was the first to cast doubt. With its second consecutive decline in revenue and a 52% drop in profits, Meta (formerly Facebook) reversed course, melting its market capitalization below $300 billion, not seen since 2016. Both groups admitted…

Source: Le Figaro

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Lutsk shoulder – Spaces went to bending, and the posts are already 27 already 27

The mass shelling of Lutsk on the night of May 6 led to the death of a man-republics, which were unlocked by the body of a nine-story building who died from fragments. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px;...

The authorities of Kyiv showed how the reconstruction of the metro after the Russian attack (photo)

In Kyiv, about 70 specialists in various services KP "KYIV METRO" restore and repair traces and metro network, damaged by the combined air attack of racists on the night of June 6 at night on June 6. .in_text_content_22 {width: 300px; Height: 600px; } @Media...