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Tech’s longtime highfliers are growing up by getting smaller

Technology Companies such as Meta and Amazon are focusing on shrinking and improving their Cash Distribution to shareholders as they mature. Meta announced its first-ever quarterly dividend of 50 cents per share and authorized a $50 billion stock repurchase plan, while Amazon has implemented a $10 billion buyback program. The companies are also scaling back on hiring and focusing on efficiency. The tech industry is experiencing downsizing after a year of layoffs and capital preservation. Despite the downsizing, tech stocks are performing well, and Wall Street is rewarding companies for improved discipline and cash distribution.

The post Tech’s Longtime Highfliers are growing up by getting smaller appeared first on Balanced News Summary.



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