From one quarter to another, the global economic situation degraded – and companies in the technology sector do not escape this scenario. If in the presentations of the results of the first quarter, made in April, several CEOs and financial directors already left warnings about the consequences of inflation at a maximum of decades and the war in Ukraine, the accounts of the second quarter highlighted these two issues even more .
Among the “big tech”, a group of the most valuable technologies formed by Amazon, Apple, Meta (ex-Facebook) and Alphabet, the owner of Google, the second consecutive quarter of losses of Amazon and the first time in which Meta saw its quarterly revenues drop in the year-over-year comparison. But they were not the only ones, as Intel and Snap also pointed to the challenges brought by the macroeconomic context.
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Source: Observadora
