Resurgent ‘techlash’ overshadows Silicon Valley earnings

Big Tech, its hands full with antitrust probes and complaints growing from activists and politicians, turns its attention to quarterly earnings in the coming days expected to show the growing power of Silicon Valley giants.

The results may be overshadowed by the array of political and policy issues over privacy, data protection, liability and the dominant role of these companies in the economy.

Amid the coronavirus pandemic, Big Tech has offered a lifeline to consumers to stay connected and get needed goods and services.

Tech firms “have built up some goodwill and people are thankful for these services,” said Bob O’Donnell of Technalysis Research.