Amazon and Google Picked a Bad Time to Announce Extraordinary Spending
US hyperscalers announced huge expansions in capex, which Wall Street greeted with suspicion
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Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Brody Ford reviews a week of escalating expenses for Silicon Valley’s top companies and the reaction from a suddenly wary investor community.
Peloton out of favor: The fitness company offered little good news for investors hoping for a turnaround. Its lackluster forecast suggested new treadmills and bikes have failed to catch on, and shares plunged their most in almost three years.