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Big Tech Wreck As Earnings Disappoint | Weekly Round Up

Supply Shock

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Meta's Earnings - What's the Big Story?

Mark Zuckerberg has now lost over $100 billion of paper wealth, which is the largest drop in history. Apple's ad tracking changes have made it very difficult for Facebook to manage its advertising budget. The macro economic conditions that we're likely heading into a recession are also hurting big tech companies like Meta.

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