Yesterday’s market response to Google’s disappointing earnings report, which landed the evening before, surprised us. The market appeared to conclude that Google’s problems are Big Tech problems — Google, Microsoft and Amazon all got hit hard, while the market as a whole was merely dreary. It seems to us that Google’s slowing revenue is an economic rather than an industry phenomenon. Read More...
Yesterday’s market response to Google’s disappointing earnings report, which landed the evening before, surprised us. The market appeared to conclude that Google’s problems are Big Tech problems — Google, Microsoft and Amazon all got hit hard, while the market as a whole was merely dreary. It seems to us that Google’s slowing revenue is an economic rather than an industry phenomenon.
Add Comment