Everyone's watching Meta's earnings report for a hint at how online ads are doing
Publishing timestamp: 2023-01-30 18:31:14
Summary
Tech companies reliant on digital ads saw their stock prices plummet in 2022 due to economic concerns and Apple's privacy update. This week, the biggest companies in the space will report fourth-quarter results and provide an update on whether brands are starting to spend more on ads. Analysts expect Snap and Meta to show slow growth in the first half of 2023, while Alphabet, Amazon, and Apple are expected to show more resilience. There is still uncertainty in the market due to the shaky economy.
Sentiment: MIXED
Tickers: GOOGL, SHOP, SHOP-CA, NFLX, META, AMZN, SNAP, AAPL,
Keywords: mobile, technology, netflix inc, social media, apple inc, amazon.com inc, alphabet class a, internet, business news, meta platforms inc, shopify inc, mark zuckerberg, snap inc,