Unprofitable tech companies, the darlings of 2020 and 2021, are experiencing a sea change. Their market penetration was enabled by technology and fuelled by unsustainable pricing. Unfortunately for them, growth-oriented investors who willingly funded the resulting losses have changed their tune and are now demanding profits.
At the other end of the spectrum, the tech giants are gushing profits, but showing signs of maturity. Revenue growth has slowed at the likes of Apple Inc., Alphabet Inc. and Facebook owner Meta Platforms Inc., and they’re now doing what other mature, blue-chip companies do: cut costs, buy back shares and maybe even increase dividends.Article contentThe makeup of the energy complex is shifting as renewables work into the mix. For progress to continue, advancements in grid management are needed.
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