LaPresse 2/4/2023
While overall revenue grew, advertising revenue fell by nearly 4% and revenue at YouTube declined 8% year-over-year Wall Street had its eyes Friday on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances. Amazon reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS, which is also seeing a slow-down in growth.
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