Alphabet, Microsoft Earnings Spark Tech Rout

The transcript discusses the financial guidance issues faced by Alphabet and Meta, highlighting concerns over their market performance. Alphabet's poor guidance and Meta's financial challenges due to Apple's IDFA changes are examined. The discussion also covers market expectations, company valuations, and concerns over Meta's spending on the metaverse project.

What was a major concern regarding Alphabet's performance in the recent quarter?

• Increase in marketing spend

• Lack of proper guidance

• High search activity

• Strong quarterly results

What significant impact did Apple's IDFA changes have on Meta?

• A $10 billion impact

• Reduced operational expenditure

• Improved market valuation

• Increased revenue

How does Meta's trading multiple compare to Alphabet's?

• Meta's multiple is not mentioned

• Meta is trading at a lower multiple

• Meta is trading at a higher multiple

• Both are trading at the same multiple

What is a major risk associated with the valuation of these tech companies?

• Stable market conditions

• Revision of free cash flow

• High marketing spend

• Increase in EBIT

What did Altimeter Capital suggest regarding Meta's spending?

• Reduce spending on Reality Labs

• Focus on marketing expenditure

• Increase spending on Reality Labs

• Maintain current spending levels