Technology Sector Update for 01/17/2024: VUZI, GOOG, META
From Nasdaq:
Tech stocks, including XLK and XSD, declined on Wednesday. Vuzix shares fell 9.3% after announcing a cost-cutting program to reduce annual operating costs by 25%.
Google is making changes to comply with the EU’s Digital Markets Act. Meta CEO Mark Zuckerberg is required to partake in a deposition for a Texas lawsuit related to facial-recognition technology. Shares for both companies dropped.
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