Meta: Still burning cash
A surge in stock price doesn’t change the fact that Meta posted a sequential decline in earnings and revenue, while the Metaverse continues to burn through billions.
Amazon: The consumer strikes back
Amazon reported stronger sales growth for Q4 on the back of a rebound in US spending. Revenue for the quarter came in at $149.2B, 2% ahead of the street’s expectations and ahead of management’s guidance. AWS reported a deceleration to 20%. North American retail sales (including Prime) grew 14% YoY and international sales grew 5% […]