Earnings reports from the biggest technology companies show that the group is navigating the tough economic environment better than smaller rivals, fueling a rebound in stock prices and encouraging investors about the outlook for the second half.
Meta Platforms Inc, the social media giant that includes Facebook and Instagram, reported its first-ever quarterly sales decline, citing advertisers’ shrinking budgets.
Alphabet Inc’s Google is planning to slow hiring for the rest of the year, in line with other tech giants who have either made similar decisions or announced job cuts.
Google has unpacked its plans to assist startups, SMMEs and nonprofits in South Africa, and help the country's economic recovery process through large-scale investment.
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