Google-owner Alphabet posted lower net income for fourth quarter 2022, and a smaller revenue increase, as the tech behemoth sees a decline in online ad spending, coming at a time when employee unions are criticizing the firm for firing thousands of workers. California-based Google made $76.05 billion in revenues for the fourth quarter, up 1…
Alphabet Net Income Falls 34 Percent in Fourth Quarter, Revenue Growth Slower as Ad Spending Eases
Amazon Prime Day Comes Amid Slowdown in Online Sales Growth
Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event—one of its biggest all year—to lure people to its Prime membership, for which Amazon recently raised the price to $139 a year from $119 a year. Amazon…
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