Although the technology giants announced relatively better financial statements in the third quarter of the year compared to the previous periods, the shares almost crashed because they fell below the analysis expectations. Yesterday Meta and today Amazon went into free fall.Amazon in decline
According to the third-quarter charts of the year, Amazon generated a total revenue of $127.1 billion and grew by 15 percent year-on-year. It fell 0.6 points below expectations. Operating profit was $2.5 billion, depreciating around 50 percent. Cloud revenues were $5.4 billion during this period, with Rivian leaving $1.1 billion on top of it, but these were left in the background due to huge losses. In particular, there was an increase of around 15 percent in the costs of products. This was the biggest impact.
The Rings of Power series, whose total cost exceeded 700 million dollars with its copyrights, broke the record with 25 million viewers in its first day and a total of 100 million viewers. The first game of the NFL season also broke a record with 15 million viewers.
The situation is worse in the fourth quarter as growth is expected to be limited to 8 percent. Shares of Amazon have dropped 33 percent since the beginning of the year, and a hit came after the financial statements. In parallel, the price of Bitcoin also fell during the same hours.
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