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The Latest Breaking News on Big tech

Tech giants Apple, Amazon and Alphabet post disappointing results

Facebook parent company Meta bucks trend with better earnings than expected, as Apple sees first profit miss in seven years

The Guardian - US

Apple Earnings Miss Forecast For First Time Since 2016 As iPhone Sales Hit By China Supply Chain Snarls

Apple posted its first quarterly revenue decline in four years Thursday, alongside a rare earnings miss for the world's most-valuable tech company.

The Street

Apple Misses December-Quarter Targets As iPhone, Mac Sales Fall

Consumer electronics giant Apple missed Wall Street's sales and earnings targets for its fiscal first quarter, and shares fell.

Investors Business Daily

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Google Earnings Miss As Growth Slows In Search Advertising, YouTube, Cloud Computing

Google reported earnings and revenue that missed estimates amid slowing growth in internet search advertising, YouTube ads and cloud computing.

Investors Business Daily

Amazon Earnings Miss Street Forecast, But AWS Drives Revenue Beat

"In the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon," said CEO Andy Jassy.

The Street

Amazon.com Fourth-Quarter Earnings Live Blog

Real Money's Eric Jhonsa live-blogs Amazon's earnings report and conference call with management.

The Street

No Silver Lining In Amazon's Cloud Business As Results Fail To Excite

Amazon stock fell after the e-commerce giant reported fourth-quarter results late Thursday that beat on revenue but missed on earnings.

Investors Business Daily

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Big Tech Layoffs Continue -- But Apple Looks the Strongest

All of Big Tech is rallying at the moment, and all have laid off employees. This article takes a look at why Apple might be the strongest player of the bunch.

StockNews.com

Apple Earnings Preview: Stock Hits Key Level Ahead of Report

Apple stock is hitting a key level on the charts ahead of its earnings report. Here's what traders need to know now.

The Street

Apple Earnings Preview: China Supply Chain Woes To Hit iPhone Sales, Demand Outlook In Focus

Lost or delayed? Apple's supply chain woes raise questions over holiday iPhone sales as investors await its December quarter earnings after the closing bell.

The Street

U.S. layoffs surged in January as tech slashed thousands of jobs - report

Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday.

Reuters

Tech giants broke their spending records on lobbying last year

Amazon.com Inc., Apple Inc. and Microsoft Corp. broke their lobbying spending records last year as they fended off heightened scrutiny of their business models and power over the U.S. economy.

Tribune News Service

Brian Merchant: How Big Tech is using mass layoffs to bring workers to heel

In Silicon Valley, the new year began as the last one ended — with tens of thousands of tech workers losing their jobs. Just a few days into 2023, Amazon Chief Executive Andrew Jassy announced that there would be 18,000 layoffs across the company. Within weeks, Microsoft revealed it was…

Los Angeles Times

Xbox Series S and X prices rise in Japan — is the UK next?

We approach Xbox’s representatives for an update after the brand’s main man Phil Spencer hinted at price increases last year

Evening Standard

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Tribune News Service

Amazon illegally resisted NYC union drive, Labor Board judge says

Amazon.com Inc. violated federal labor law as part of its efforts to resist unionization at two facilities in New York City, a National Labor Relations Board judge ruled in a case that tees up major potential changes to board precedent.

The Street

Why Apple May Post Its First Revenue Miss Since 2019

Earnings from Meta, Apple, Amazon and Alphabet are in focus this week. Here's what to expect from their earnings reports and more on TheStreet Today.

Tribune News Service

Amazon to trim 100 tech jobs in San Diego as part of corporate headcount reduction

Amazon is cutting 100 technology jobs and other positions in San Diego as part of a company-wide downsizing announced earlier this month.

The Street

Tech Stocks, on Best Run Since 2001, Face Stern Test With Megacap Earnings on Deck

"Tech stocks have fallen pretty far down on the list of concerns (and the price action) is telling us something,” said Bank of America strategists ahead of a key week for mega cap earnings.

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Investors Business Daily

Google Stock: YouTube Expected To Be Drag On Earnings Amid Apple, TikTok Woes

When Google reports fourth-quarter earnings on Feb. 2, YouTube's slowing ad revenue growth is expected to be a weak spot.

Investors Business Daily

Apple Stock Climbs Wall Of Worry Ahead Of Earnings Report

Consumer electronics giant Apple faces numerous concerns ahead of its December-quarter earnings release next week.

The Guardian - US

Google let Daily Wire advertise on ‘climate change is a hoax’ searches

Exclusive: Data shared by Center for Countering Digital Hate shows Ben Shapiro’s site bought ads on climate crisis denial search terms

Tribune News Service

Editorial: We’re feeling lucky: Google antitrust lawsuit can set precedent for tech monopolies

It’s not every day that the federal government and states as varied as Tennessee and New York find themselves on the same side of a legal dispute, but these were joined by New Jersey, Virginia, Colorado, California, Rhode Island and Connecticut yesterday in filing suit against Google parent company Alphabet…

The Guardian - UK

First UK industrial action against Amazon is ‘making an impact’, says GMB

Managers said to be covering for striking staff, though firm insists action has not disrupted activity

Reason

DOJ Antitrust Suit Seeks To End Google Ad Dominance. The Market Is Already Taking Care of That.

Plus: Journalism versus qualified immunity, Mississippi bill would end civil asset forfeiture, and more...

Irish Mirror

Thousands of workers in Ireland unable to access Microsoft services like Outlook and Teams

Users worldwide were reporting major issues with standard services and the Microsoft store, Xbox Live and with certain games like Minecraft

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