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Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

After super charged, double-digital growth during the pandemic, the results from the five biggest U.S. tech giants this week showed a slowdown as they grapple with inflation, looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because their size shows their strength. During the last week, all of Big …

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Google stock rises despite an ad downturn, second straight earnings decline

Google stock rises despite an ad downturn, second straight earnings decline

Alphabet Inc.’s Google shares rose more than 4% in extended trading on Tuesday after the tech giant reported results slightly below Wall Street estimates. Still, the results marked the second straight quarter of year-over-year profit decline for Google, the first since 2015, but this time on a much larger scale. GOGL Alphabet, -2.32% GOOG, -2.56%, …

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