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Evening Standard
Evening Standard
Business
Simon English

Tech giants cut ad spending in blow to WPP and global economy

WPP Amazon Mark Read Apple United States

A MAJOR pull back in spending by tech giants such as Amazon, Apple and Google led to a downgrade by WPP and raised uncomfortable questions about global economic growth today.

The world’s biggest ad company saw profits for the half-year tumble 51% to £204 million.

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