NEW YORK, NY - MAY 2: The Microsoft logo is illuminated on a wall during a Microsoft launch event to introduce the new Microsoft Surface laptop and Windows 10 S operating system, May 2, 2017 in New York City. The Windows 10 S operating system is geared toward the education market and is Microsoft's answer to Google's Chrome OS. (Photo by Drew Angerer/Getty Images) Photographer: Drew Angerer/Getty Images North America
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Alphabet, Microsoft lead bear-market earnings season
Shares of Meta have lost 61%, their biggest drop since the company went public a decade ago. Apple, Alphabet, Amazon and Microsoft are set for their steepest declines since the global financial crisis.
By Ryan Vlastelica
(Bloomberg) — Investors are facing a make-or-break week for some of Wall Street's most influential tech stocks in a historic year for the group marked by a plunge into bear market territory.
The superlatives have followed one after another in 2022's wild ride. Shares of Meta Platforms Inc. have lost 61%, their biggest drop since the company went public a decade ago. Apple Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are set for their steepest declines since the global financial crisis.
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