The long shadow that Big Tech has cast across the business and financial worlds just got a little shorter.
But while the planet’s wealthiest and most powerful technology groups may have started 2023 in an uncharacteristic mood of retrenchment, it is not yet clear whether they have entered a lasting phase of slower growth — or just a short-term correction.
Some of the leading companies in the tech industry seemed to reach a turning point late last year, when their most recent quarterly earnings suggested that an expansionist era might be coming to an end.
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