Meta Platforms Inc. on Wednesday became the latest tech titan tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a year ago and sending its stock plummeting toward the lowest prices in more than six years. Read More...
Bloomberg
Seagate to Cut 3,000 Jobs, Faces Charge of Violating Sanctions
(Bloomberg) — Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s eliminating about 3,000 jobs and that big buyers of technology are cutting orders on concerns the economy is worsening. The shares fell more than 10% as trading got underway in New York. They have lost more than half their value this year.Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitHere Are the Most
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