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and cloud computing giant it continues a trend in big tech set out this week by the likes of meta, microsoft and alphabet whose latest results show that they re all doing surprising well. this has lifted markets across the board. lisa lisa we saw similar on wall street. here s the bbc s samira hussain. over the last year, amazon has been aggressively cutting costs to help boost profitability. it s laid off 18,000 people and is currently about to eliminate another 9000 jobs. is currently about to eliminate another 9000jobs. it is currently about to eliminate another 9000 jobs. it would appear that some of those measures are already paying off, as the retail giant posted earnings that beat investor expectations. amazon s cloud computing business which didn t go as much as expected last quarter did very well in the first three months of this year, as did its advertising business. even retail, a core part of amazons business exceeded expectations. the boom in online ....
One tech firm that hasn t performed all that well in the last quarter is intel. the company reported its la rgest ever quarterly loss. revenue fell 36% to 11.7 billion dollars. despite that, it was still slightly above wall street estimates. the chip maker has faced a slump in demand for semiconductors.. but there are early signs of a recovery across the global chip sector. and snap has also disappointed. shares in the the social media company are down nearly 18 percent in extended trading. revenue for the first quarter was just under 990 million dollars.. down from 1.06 billion dollars in the same period last year. changes to snap s advertising platform hurt demand for ads. the snapchat parent warned results in the next quarter may again fall below targets. now, let s a take a step back from the tech sector and take a look at the wider look at the us economy which did slow down quite a bit ....