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giantjoint microsoft, meta and alphabet delivering a surprisingly strong report card. if the sales and profits surpassed wall street expectations, continuing a trend in big tech that is lifted buckets across the board. amazon has been aggressively cutting costs to help boost profitability. it is already laid off 18,000 people and is currently about to eliminate another 9000 jobs and it would appear that some of those measures are already paying off. as the retail giant posted earnings that beat investor expectations. is on s cloud computing business which did not grow as much is expected did very well in the first three months of this year, as did its advertising business amazon s. even retail, a core part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. ....
Part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. but what has investors really inaudible is amazon s guidance for the next quarter which expects its business to grow between five and 10%. similar hussein. meta ended the session nearly 14% higher, it comes after the facebook parent reported its first sales increase in nearly a year and forecast second quarter revenue would be above market expectations, confirming the view that digital advertisers are betting on well established platforms such as facebook and instagram in the face of challenging economic conditions, and those concerns have led a1 and other giants to embark on a cost cutting campaign thatare embark on a cost cutting campaign that are so far resulted in 150,000 layoffs ....