Market Research/Public Relations

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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Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second straight quarterly loss, but a hit to sales and continued strong growth from Amazon Web Services helped drive the stock higher in post-closing operations. Thursday. amazon amzn, +1.08% reported a second-quarter loss of $2 billion, or …

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Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the one place that everyone on the Internet seemed to touch at least once in an online session. However, after an ignominious fall, Yahoo is just another site that has a few followers in certain parts of Asia and offers some niche products. Did Mark …

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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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