Economic Times (January 23)
Big Tech’s “planned rightsizing is… unlikely to make up for the deep correction in 2022 of technology companies’ stock prices. Earnings estimates for the last quarter of 2022 are grim and Big Tech may have to go in for more job cuts to keep market capitalisation aloft. This could be a theme for the industry in 2023.”
Tags: 2022, 2023, Big tech, Deep correction, Earnings, Estimates, Grim, Job cuts, Market-cap, Rightsizing, Stock prices, Technology, Unlikely
Wall Street Journal (October 31)
“The Dow Jones Industrial Average declined Friday, closing out its worst week and month since March in the final lap of the presidential race. Volatility reigned” as “investors have been spooked by a record high in coronavirus infections in the U.S., fresh lockdowns in Europe that threaten economic growth and a mixed bag of earnings report from big technology companies.”
Tags: Big tech, Coronavirus, Declined, Dow Jones, Earnings, Economic growth, Europe, Investors, Lockdowns, March, Presidential race, Spooked, Threaten, U.S., Volatility, Worst
