Saturday, July 23, 2022

Meta closed down 7%+ and Alphabet closed down 5%+ on Friday, as Snap's weak earnings, inflation, and other factors lead to worries about online advertising (Richard Waters/Financial Times)

Richard Waters / Financial Times:
Meta closed down 7%+ and Alphabet closed down 5%+ on Friday, as Snap's weak earnings, inflation, and other factors lead to worries about online advertising  —  Weak earnings raise fears that inflation and interest rates are starting to hit social media companies



at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who are probationary, as Trump cuts the federal workforce (Mackenzie Hawkins/Bloomberg)

Mackenzie Hawkins / Bloomberg : Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who ...