Our plans to spend Monday glued to our screen watching big tech CEOs getting grilled by various congresspeople are out the window, likely delayed for at least a week. But next week will be an important one for big tech nonetheless, as all four of the major companies—Apple, Alphabet, Amazon and Facebook—are reporting earnings.
We go into details below, but suffice it to say, the results are likely to be all over the place. This past week set the trend. Microsoft’s revenue growth showed little impact of the Covid downturn. Snap’s red-hot growth slowed sharply, but it still performed well. And Twitter’s business slumped.