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Big Week for Big Tech As Earnings, Hearings Loom

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Key Points

  • 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 November 3 election.
  • CEOs of Twitter, Facebook, and Google are already slated to testify at a separate Senate panel Wednesday, examining the so-called Section 230 law which offers liability protection for content posted by others on their platforms.
  • Economic and social disruption from COVID-19 also looms over tech firms, which benefitted early in the pandemic as people turned to the internet to work, learn, shop, and socialize from home.
  • Visit The Financial Today’s homepage for more stories.

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 November 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 dollars.

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