Wall Street long groused about cash-generating tech companies refusing to pay dividends and buy back stock. That is no longer a problem, in multiple respects.
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines.
That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street even as they cut the workers that made them multibillion-dollar tech giants in the first place. Meta still expects an additional $1 billion in restructuring costs in 2023, after laying off more than 11,000 employees, or about 13% of its global workforce. Chief Executive Mark Zuckerberg took the blame for the cuts when they were announced, as a macroeconomic downturn accelerated and made Meta’s massive growth look like profligate spending.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Meta's 'Year of Efficiency' was everything Wall Street needed to hear from ZuckerbergMeta shares rallied after the company reported better-than-expected revenue and told investors that it's getting more efficient.
Baca lebih lajut »
AMD revenue beats targets, Wall St relieved after Intel's grim outlookU.S. chip maker Advanced Micro Devices Inc on Tuesday posted revenue that beat Wall Street targets, enthusing investors who saw the company gaining on rival Intel.
Baca lebih lajut »
U.S. stock futures point to weak finish to strong January for Wall StreetU.S. stock futures on Tuesday pointed to a weak finish to a strong month ahead of a key Federal Reserve rate decision and more corporate earnings.
Baca lebih lajut »
Wall Street rises after encouraging inflation data with Fed on deck By Reuters⚠️BREAKING: *U.S. STOCKS JUMP ON PEAK INFLATION BETS AS WALL ST HEADS FOR BEST JANUARY SINCE 2019 - $DIA $SPY $QQQ 🇺🇸🇺🇸
Baca lebih lajut »
'Drought Profiteers' Under Fire as Wall Street Targets Colorado River Water'Vultures,' said Andy Mueller of the Colorado River Water Conservation District, are 'looking to make a lot of money off this public resource.'
Baca lebih lajut »