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Wednesday, June 7, 2023

What's Wrong with Facebook, Amazon and Google?

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It’s a black spring for tech giants. 

For a number of weeks now, billions of {dollars} of market capitalization have been disappearing every day as buyers’ nervousness grows. 

One unwelcome phrase, quantity, or warning can ship tech shares tumbling in document time with so many uncertainties in regards to the financial system. Investors appear to be looking forward to any signal that will affirm their fears that the financial system is overheating and {that a} recession is on the horizon.

One of those indicators got here on May 23 from the social community Snap Inc  (SNAP) – Get Snap, Inc. Class A Report. The agency warned that income and adjusted Ebitda would are available in under the low finish of its steering.

Source: www.thestreet.com

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