Microsoft (NASDAQ: MSFT)
Microsoft $MSFT tops profit estimates, but slumping PC sales and dollar strength weigh on Microsoft's revenue. 11% gain is the weakest since fiscal 2018. Bloomberg
Alphabet (NASDAQ: GOOGL)
Alphabet $GOOGL earnings and sales miss analyst estimates. YouTube and Search business hit by digital ad slowdown. Bloomberg
Meta Platforms (NASDAQ: META)
Meta slams Apple for 'undercutting others' with its changes to App Store terms. Bloomberg
· Paying to 'boost' a social post is now an in-app purchase
· Change marks the first time Apple takes cut of social ad revenue
Twitter (NYSE: TWTR)
Elon Musk pledges to close Twitter $TWTR acquisition by Friday - Bloomberg
· Musk held a Monday call with banks providing $13 billion of debt
· Banks are now taking the final steps to send over the cash
Meanwhile, Twitter employees protest Elon Musk's plan to fire 75% of the workforce - TIME
Gap (NYSE: GPS)
Gap said it would immediately remove Yeezy items and shut down its e-commerce site after ending its partnership with Ye last month - Bloomberg
SK Hynix
SK Hynix cuts 2023 investment by 50%, citing an "unprecedented" drop in chip demand. - Reuters
SK Hynix Inc. is a South Korean supplier of dynamic random-access memory chips and flash memory chips. Hynix is the world's second-largest memory chipmaker and the world's third-largest semiconductor company.