/biz/ - Business & Finance

Regardless of price action, earnings by AMZN, GOOG, & AAPL today were fucking misrable. How the fuck is their REVENUE declining despiter HIGH INFLATION. Not to mention their costs are inflating at a rate far higher than the "official" inflation numbers. These big tech companies will soon not even be able to turn a profit, yewt they still have trillion dollar valuations. Absolute lunacy. And this is all before the effect of so many people recently losing their jobs and having even less money to spend.