• Mar 20, 2023
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  Choppy markets

  
  

  Possibly kept up a bit by tech. But tech hasn't yet posted data on revised earnings (which some say could be negative), and that could bring markets down, if other sectors which have dropped significantly recently haven't bounced back yet.
  

  
  

  Amazon cut 9k more jobs, in it's growthier, more profitable areas of advertising and AWS. AWS used to grow at 30/40% and that's expected to go to the teens. This doesn't really affect much the huge amount they hired during the pandemic. Amazon doesn't have the strong balance sheets nor growth that other BigTech has. Amazon might be in a decent position to scale back, though, without detriment.
  

  
  

  Recently when these companies fire a lot, their stock goes up, but Amazon was down.
  

  
  

  Lots of revenue comes from advertising, for Amazon, Facebook, and Google (Apple? MSFT?).
  

  
  

  If businesses aren't making profits, tech products are expected to be patronized by them less.
  

   
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  <div>Choppy markets</div><div><br></div><div>Possibly kept up a bit by tech. But tech hasn't yet posted data on revised earnings (which some say could be negative), and that could bring markets down, if other sectors which have dropped significantly recently haven't bounced back yet. <br></div><div><br></div><div>Amazon cut 9k more jobs, in it's growthier, more profitable areas of advertising and AWS. AWS used to grow at 30/40% and that's expected to go to the teens. This doesn't really affect much the huge amount they hired during the pandemic. Amazon doesn't have the strong balance sheets nor growth that other BigTech has. Amazon might be in a decent position to scale back, though, without detriment. <br></div><div><br></div><div>Recently when these companies fire a lot, their stock goes up, but Amazon was down. <br></div><div><br></div><div>Lots of revenue comes from advertising, for Amazon, Facebook, and Google (Apple? MSFT?).<br></div><div><br></div><div>If businesses aren't making profits, tech products are expected to be patronized by them less. <br></div> 

  Choppy markets

  
  

  Possibly kept up a bit by tech. But tech hasn't yet posted data on revised earnings (which some say could be negative), and that could bring markets down, if other sectors which have dropped significantly recently haven't bounced back yet.
  

  
  

  Amazon cut 9k more jobs, in it's growthier, more profitable areas of advertising and AWS. AWS used to grow at 30/40% and that's expected to go to the teens. This doesn't really affect much the huge amount they hired during the pandemic. Amazon doesn't have the strong balance sheets nor growth that other BigTech has. Amazon might be in a decent position to scale back, though, without detriment.
  

  
  

  Recently when these companies fire a lot, their stock goes up, but Amazon was down.
  

  
  

  Lots of revenue comes from advertising, for Amazon, Facebook, and Google (Apple? MSFT?).
  

  
  

  If businesses aren't making profits, tech products are expected to be patronized by them less.
  

   

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