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MSFT dropped 2% on Thursday as a result, which isn’t all that bad considering some of the cliff dives we’ve seen in the stock market as of late.Last week, it even had to accept that hiring would slow for the foreseeable future in all areas of its business. Since Microsoft gets around 50% of revenue from outside the US, the dollar weakening against other global currencies amid a time of inflation has hurt the company.In light of this, Microsoft has now lowered its revenue estimates by around a billion and cut EPS expectations from between $2.28 and $2.35, to the $2.24 – $2.32 range. Microsoft had to tone down its estimates this week due to the ongoing macroeconomic headache companies as big as the tech firm are facing. #NEWSFLOW WINDOWS 10 MARK AS READ SOFTWARE#Microsoft changes its outlook When it comes to its outlook, Microsoft prolly wishes it was just talking about its emailing software – it just had to cut financial estimates for the year. The UK’s CMA has been like a dog with an antitrust bone recently, and this week also launched an investigation into Amazon’s marketplace to consider whether it’s abusing its dominance in the market and distorting competition by giving an advantage to its own retail business or sellers that use its service.The FTC is also looking into the transaction, as well as Australia’s competition regulator. It could have massive implications for the $190bn video game industry, and regulators wanna investigate if the deal will harm competition through higher prices or reduced choice.UK regulators have launched a probe into Microsoft’s $69bn purchase of Call of Duty maker Activision Blizzard, a deal that was announced back in January and will be the biggest tech deal in history if it goes through next year as originally planned.Nobody likes an unwanted probe Financial watchdogs around the world are sniffing around Microsoft’s Activision Blizzard buy and what it means for competition in the tech space. For now, Minecrafters will have to stick to NPC villagers and annoying skeletons. However, founder Bill Gates joked last month that, “Expensive digital images of monkeys” will “improve the world immensely,” referring ofc to Bored Ape NFTs. More broadly, Microsoft hasn't publicly adopted an anti-NFT position, especially given theirs and other tech companies' known attraction to the metaverse.Since, its devs have come out and tweeted they’re “not leaving”. Soon after the announcement, NFT Worlds – a project seeking to integrate NFTs onto Minecraft – saw its native token WRLD tank almost 70%. A game centered around blocks banning blockchains? Seems that way.To many, the decision seems a step away from web3 and the potential income NFTs can provide, but they’re not the first: last November, Steam banned any games from its marketplace that used NFTs. Minecraft banned NFTs from its game on Thursday, stating the “speculative pricing and investment mentality around NFTs takes the focus away from playing the game and encourages profiteering”.NFTs get sent to the The Nether Microsoft-owned development studio Mojang bans NFTs from Minecraft, Ender Pearling (that is, teleporting) away from web3. #NEWSFLOW WINDOWS 10 MARK AS READ FULL#The tech giant reiterated previous calls for double-digit growth in its revenue and operating margins for the full year, and while current quarter guidance missed estimates, the company confirmed demand for its Cloud segment continues to grow and should help hold up the team.
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