Facebook’s stumbling ad business at the center of Big Tech earnings

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The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022.

Arnd Wiegmann | Reuters

It’s earnings palooza week for Big Tech, with the four most valuable U.S. companies plus Meta all reporting quarterly results.

Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping things up on Thursday. Sandwiched in between them is Meta on Wednesday.

Investors in all five names are hurting this year as surging inflation, rising interest rates and fears of recession have hammered the tech sector. Within the mega-cap group, Meta has suffered the most, losing half its value

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