Gafam bend, but do not break

Published on July 29, 2022, 7:15 amUpdated July 29, 2022 2:39 pm.

Gafam resist headwinds quite well. All major technology groups have released their quarterly results over the past two weeks. With the exception of Meta, the parent company of Facebook, whose revenues are falling for the first time in history, the giants of the sector as a whole managed to calm the markets.

However, there are plenty of worrying factors. Inflation, a strong dollar, war in Ukraine and a crisis in global supply chains are holding back the rise of tech giants. After the explosion during the Covid-19 pandemic, online retail has lost ground again, which, in particular, threatens Amazon’s profits.

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