Ranking Big Tech’s 3Q22 Performance, Zuckerberg Announces Major Round of Layoffs, Disney 4Q22 Earnings (Daily Update)
In today’s update, we go over Neil’s rankings for how Big Tech performed in 3Q22. We discuss Apple, Alphabet, Amazon, Microsoft, and Meta. The discussion then turns to Zuckerberg’s drastic move to reduce Meta’s workforce by 13%. We conclude with a closer look at Disney’s earnings. Disney management is making one strategic mistake with Disney+.
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Ranking Big Tech’s 3Q22 Performance
CY3Q22 was a mixed bag for Big Tech (Apple, Microsoft, Amazon, Alphabet, Meta). Macro issues are not being felt evenly. At the same time, competition is impacting some companies more than others. It’s telling that maybe the biggest surprise to come out of 3Q22 earnings season came in November, after everyone reported,
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