Tech's longtime highfliers are growing up by getting smaller
Publishing timestamp: 2024-02-02 20:12:12
Summary
The article discusses how tech companies like Meta and Amazon are focusing on financial discipline and doing more with less, which is being rewarded by investors. It mentions the trend of companies cutting jobs and managing expenses while still investing for the future. The article also highlights the importance of cash for investors and the shift in the tech industry towards prioritizing cash and capital returns. It mentions the job cuts in the tech industry and the changing market conditions. The article concludes by questioning where tech companies can find significant growth and mentioning the lower growth estimates for Meta, Amazon, and Alphabet.
Sentiment: MIXED
Tickers: AAPL, GOOGL, MSFT, AMZN, META, ZM, NVDA, OKTA, ZUO,
Keywords: alphabet inc, nvidia corp, business, zoom video communications inc, okta inc, amazon.com inc, breaking news: economy, breaking news: technology, mark zuckerberg, social media, technology, microsoft corp, economy, business news, meta platforms inc, zuora inc, layoffs, apple inc,
Source: https://www.cnbc.com/2024/02/02/techs-longtime-highfliers-are-growing-up-by-getting-smaller-.html