Considering how difficult it has been for stock markets throughout the world to preserve share values in the face of economic and geopolitical unrest, traders may be anxiously awaiting the second-quarter financial results of three significant American IT companies. This week should provide us a better understanding of how Netflix, Snap, and Twitter dealt with the considerable obstacles that spring 2022 brought because these companies are anticipated to disclose their Q2 earnings in the coming days.
Netflix struggles with subscriber expansion
On Friday following the close of business, Netflix (NFLX) is scheduled to announce Q2 earnings. Numerous analysts viewed this company as one of the COVID-19’s biggest winners.