With the exception of Apple, eight tech giants are no longer “pure growth” stocks, while Exxon and Chevron are, a new study says. Our columnist says: Buyer, beware.
Category: Meta Platforms Inc
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Tech Earnings Disappoint Investors as Giants Stress Cost Cuts
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown.
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Tech’s Biggest Companies Discover Austerity, to the Relief of Investors
After years of expansion and billions in profits, Big Tech is pulling back from its famously lavish spending as a long boom finally ends.
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Meta Soars by Most in Decade, Adding $100 Billion in Value
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
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Meta Soars by Most in Decade, Adding $100 Billion in Value
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
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Wall Street Likes Meta’s Plans to Cut Costs
Meta’s chief executive, Mark Zuckerberg, called 2023 the “year of efficiency,” a pronouncement that is reassuring investors and sparking a wider rally in tech stocks.
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Meta Posts $4.2 Billion Restructuring Charge
The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
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Meta Posts $4.2 Billion Restructuring Charge
The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
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Judge Said to Allow Meta’s Deal for Virtual Reality Start-Up to Move Forward
The ruling, which is under seal, is a defeat for the Federal Trade Commission, which tried to block Meta’s deal with a rarely used antitrust argument.
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Meta to Reinstate Trump’s Facebook and Instagram Accounts
Donald Trump had been barred from the social media platforms after the Jan. 6, 2021, storming of the Capitol. Twitter reinstated him last year.
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How Big Tech Layoffs Stack Up With the Rest of Their Work Forces
Some of the biggest tech companies have announced tens of thousands of job cuts. But even after the layoffs, their work forces are still behemoths.
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Tech Layoffs Shock Young Workers. The Older People? Not So Much.
The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.