Why Google’s Job Cuts Might Hit Cloud

As Seeking Alpha points out, Google’s stock in 2022 represented “one of the biggest decliners” among FAANG stocks.

“FAANG” refers to Meta (formerly Facebook, hence the F in “FAANG”), Apple, Amazon, Netflix and Alphabet (formerly Google, hence the G in “FAANG”). These stocks are considered the five-best performers in the American tech stocks in the market. Thus, investors and analysts look to them as harbingers of activity in the sector.

Google’s year-to-date gains “continue to lag behind peers,” per Seeking Alpha.

“Investor confidence in the stock has buckled at the sight of consecutive earnings misses and sales deceleration incurred at Google last year, while visibility on the company’s near-term outlook remains low, given inherent vulnerability to cyclical headwinds at its core advertising business,” Seeking Alpha notes.