Amazon Sends Chilly Signs About the Economy

Tech giants don’t bring good news for investors.

As markets look for reassuring news on the health of the economy, Silicon Valley is delivering very bad news.

Red signals have been sent out by Alphabet for the past few weeks (Google) Microsoft (MSFT) and metaplatforms (META) .

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Last month, Alphabet CEO Sundar Pichai warned of the “toughest macroeconomic conditions” in 10 years.

“Listen, I hope you’re all reading the news externally,” Pichai told employees during an all-hands meeting held in New York this week. “The fact that we’re acting a little more responsibly in one of the most challenging macroeconomic conditions of the past decade means I think it’s important that we pull together as a company to weather such moments.”

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