Meta, Amazon, Microsoft, Alphabet Exits Will Cost up to $4.7 Billion

Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Big tech firms are accruing billions in costs from … Read more

‘Embrace the coming crash’: A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy’s downturn

Societe Generale’s Albert Edwards says tech stocks face a downfall similar to the dot-com bust he forewarned about in the late 1990s.¬†While acknowledging their market leadership so far during this pandemic, he warns that their prices are rising at an unsustainable pace relative to profit growth. He likened the appeal of tech stocks today to … Read more