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Sunday, April 21, 2024

Big week for Big Tech as earnings, hearings loom

Big Tech platforms will be in focus in the coming week as the report quarterly results and hearings in Washington will allow lawmakers to step up their criticism of the companies.

SAN FRANCISCO – Big Tech is bracing for a tumultuous week marked by quarterly results likely to show resilience despite the pandemic, and fresh attacks from lawmakers ahead of the Nov 3 election.

With backlash against Silicon Valley intensifying, the companies will seek to reassure investors while at the same time fend off regulators and activists who claim these firms have become too dominant and powerful.

Earnings reports are due this week from Amazon, Apple, Facebook, Microsoft, Twitter and Google-parent Alphabet, whose combined value has grown to more than $7 trillion.

They have also woven themselves into the very fabric of…

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