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

The army of the Russian Federation held positions in the Dnepropetrovsk region in the lady

The army of the country of the aggressor was able to advance in the regions of Lugansk, Donetsk and Dnipropetrovsk. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Russian troops...

Shakhheda fell out of the accumulation station for navigation in the Odessa region

On August 8, the Russian army attacked drum drones on August 8. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The air defense worked in the region. However, the enemy’s...

New entry! – The defense forces of Ukraine died over 50 of these. Russian drone

The new record for the destruction of Russian equipment was set by the Ukrainian military. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Since the beginning of the full-scale Russian-Cukraine...