Tag Archives: Bracing

Meta (META) could be bracing for a “tornado-like quarter,” says Wedbush Managing Director Dan Ives. The social media giant, like other tech companies, is scaling back hiring plans as it braces for an economic downturn. This week Meta’s founder and CEO Mark Zuckerberg said the company would cut back its hiring target for this year by at least 30%. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg told employees during a weekly… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, February 9, 2022 The looming era of ‘not particularly positive’ returns Unless your name is Meta (FB) or Peloton (PTON), the fourth quarter earnings season has been surprisingly kind to corporate America. Leaving the beleaguered social network (whoops, I mean metaverse pioneer) and fitness brand aside, Q4 results have continued to post… Source link

The Federal Reserve’s surprisingly hawkish policy turn has had a surprise beneficiary: Cryptocurrencies. Digital coins extended gains on Thursday after the Fed stepped up its taper, and laid the foundation for a tightening cycle that could bring as many as three rate hikes in 2022. Normally, cryptocurrency benefits from loose monetary policy and its inflationary side-effects; but at least for now, investors are taking the longer view. Bitcoin (BTC-USD), barely a week removed from an ugly… Source link

A move by Google to rein in tracking of web users drew mixed reviews in the ad world, with some executives expressing cautious optimism the change will be good for consumers and others worrying it will increase the tech giant’s industry stranglehold. The Alphabet Inc. GOOG -2.37% company announced Wednesday that its ad tools would no longer support individual tracking of users across websites starting in 2022. Taken with a similar… Source link