Amazon’s ad business is largely insulated from Apple’s privacy changes, but the company’s CFO said the division is still seeing softening demand from consumer brands and merchants looking to market their goods to Amazon customers, with these advertisers spending less per digital ad impression. Some of that is due to changes in privacy controls Apple started offering iPhone users last year, which can make it harder for marketers using advertising tools from the tech giants to target these users with ads.īut that’s not the whole story. Amazon, Google, and Facebook - the three largest advertising sales companies in the US - also revealed slowdowns in their ad businesses. Silicon Valley is also facing trouble in the advertising business, which is a massive source of revenue at the top technology companies. And if mid-sized and large companies with large workforces are preparing for the economic climate to worsen, that could be a sign that more people are in jeopardy of losing their jobs and that smaller businesses on less stable footing could have a rocky road ahead. Similar to Amazon, Microsoft reported to Wall Street this week that business customers of its Azure cloud computing business were looking to cut spending, signaling broader belt-tightening in the corporate world. Google and Microsoft both told investors this week that they would slow hiring, and Amazon said earlier this month that it would freeze hiring in its core retail business, which is its maturest business unit but also its slowest-growing and least profitable. Other tech companies provided similarly ominous signals recently. And that should be worrying to anyone, whether they’re a fan of Amazon or a critic who doesn’t want the company to succeed.Īnd it’s not just Amazon. Words of caution from a top executive at one of the world’s most valuable companies and largest US employers, coupled with the weaker-than-expected holiday forecast, could be a sign that the worst days of the current economic slowdown are still ahead of us. He referenced entering a period of “uncharted waters,” with tightening budgets, inflation still high, and high energy costs. “Europe has been weaker than North America, although we see the impact of consumers tightening their belts a bit globally,” Olsavsky said. Sales growth of Amazon’s highly profitable Amazon Web Services cloud computing unit slowed in the third quarter as business customers looked to cut spending - “I think every company is trying to save money,” Olsavsky said - and Amazon’s core retail business softened as consumers began spending less, most notably in Europe.Īre you a current or former Amazon employee with thoughts or tips on this topic? Please email Jason Del Rey at or His phone number and Signal number are available upon request by email. “We are taking actions to tighten our belt,” Brian Olsavsky, Amazon’s chief financial officer, said in a call with reporters on Thursday.Īmazon said in its earnings release that it expected to generate $140 billion to $148 billion in revenue during the final quarter of 2022, disappointing Wall Street stock analysts who had expected revenue projections of around $155 billion. The company’s chief financial officer said Amazon is attempting to cut costs as it sees signs that both business and consumer customers are watching their spending. If you are good with personal finance and are looking to invest, you will find the Vox Royalty on TSX VENTURE EXCHANGE stock exchange.Amazon’s stock price fell as much as 20 percent on Thursday afternoon after the tech giant provided a weak forecast for the holiday quarter. Always read up on optimal investment strategies if you are new to investing. Trading in bear markets is always harder so you might want to avoid these stocks if you are not a veteran. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. Our Ai stock analyst implies that there will be a negative trend in the future and the VOX shares are not a good investment for making money. Currently there seems to be a trend where stocks in the Basic Materials Mining, Quarrying, and Oil and Gas Extraction sector(s) are not very popular in this period. According to present data Vox Royalty's VOX shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Recommendations: Buy or sell Vox Royalty stock? Toronto Stock Market & Finance report, prediction for the future: You'll find the Vox Royalty share forecasts, stock quote and buy / sell signals below.
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