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Apple, Amazon and Google all offer gloomy outlooks in quarterly results | Business News
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Three of Silicon Valley’s largest companies posted disappointing financial results on Thursday, compounding concerns about a slowdown in the tech sector. Recession fears have hit both corporate and consumer spending globally, leading to the likes of Apple, Alphabet and Amazon all signalling a tough recovery from the highs of 2021. Alphabet, the parent company of…
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Facebook parent Meta reports fall in quarterly revenue – but still beats expectations | Business News
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Facebook parent Meta has beaten estimates for its quarterly revenue, helped by its continued dominance of the online advertising market. Revenue in the third quarter fell for a second consecutive time to $27.71bn (£23.83bn) from $29.01bn (£24.94bn). But it was still above analysts’ expectation of $27.38bn (£23.54bn), according to Refinitiv data. Net income fell to…