Tech Giants Report Strong Earnings Amid Economic Challenges

Meta and Amazon exceed revenue estimates and announce shareholder rewards, despite widespread layoffs in the tech industry.

Meta and Amazon report strong fourth-quarter earnings, exceeding revenue estimates and demonstrating efficient operation despite a challenging economic environment.
Meta announces its first-ever quarterly dividend and a $50 billion stock repurchase plan, signaling a shift towards rewarding shareholders.
Amazon discusses potential additional capital returns, highlighting improved liquidity and ongoing discussions about capital structure policies.
Tech industry continues to face significant layoffs, with nearly 31,000 job cuts in January across various companies, including Amazon, Alphabet, and Microsoft.
Investors and analysts view the tech giants' focus on cash distribution and disciplined growth as a positive shift, but growth prospects remain a concern amid ongoing layoffs and economic challenges.