This Week in Tech (Week Ending Aug 3, 2024)

TL;DR - 🚨📉 Recession alert; 💰 Earnings; 🚀 Meta chat platforms; 🤝 Lots of M&A

Hey folks!

Tech news below - have a great weekend ahead!

TL;DR

• 🚨📉 Recession alert: Stocks fell sharply on Friday due to a weak jobs report a high unemployment rate - the Nasdaq lost 2.43%, and the Dow Jones fell over 600 points or 1.51%. The Nasdaq is the first of the three major benchmarks to enter correction territory, down more than 10% from its reco…