News Summary

• Last week saw Amazon and Meta issue their earnings for the period, with the social media giant breathing down the neck of market-leader Google.
• In normal times, such figures would wow the markets, but in an era of AI disruption, Wall Street investors judged the numbers harshly.
• A common theme connecting the above deals is PE’s willingness to see value where the public markets are skeptical, with sources telling Digiday that whispers of similar transactions in the space are currently doing the rounds – presently, evidence is too scant to publicly name names.