Amazon, Alphabet and Meta have all declared results that were a long way below expectations with missed revenue and earnings estimates. The managements offered gloomy guidance about the future, cautioning investors about slower growth. Other tech companies have also warned about similar threats to margins, and growth slowdown. Our lead editorial in this context notes that the next few quarters could be difficult for the tech sector. Read here
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In this unforgiving global climate, it is preferable to make a Type I error (doing too much) because it can be quickly and easily reversed. But