The world’s biggest technology companies have just experienced one of their wildest earnings periods in years, underscoring the extent of the economic downturn and how business conditions have deteriorated sharply in recent months.
Amazon.com posted a loss second quarter in a row on Thursday, same day Intel shocked investors with net losses in the second quarter when it suffered the biggest drop in quarterly revenue for more than ten years. Facebook Parent company Meta Platforms Inc. the day before she reported about her first ever quarterly sales declineand Microsoft at the beginning of the week revealed it the slowest income growth after two years.
