"Tech is going to have to lean in...with real concrete ideas...even make concessions, so that we can all compromise and build a common platform that better protects people than ... the internet as a whole has in recent past," Microsoft president Brad Smith said.
Qualcomm said it expects adjusted earnings per share to grow between $2.90 and $3.10 per share for its first quarter, beating estimates of $2.59 according to IBES data from Refinitiv.
Apple contends that such a move would make phones the target of malware or hijacking by cybercriminals and the company is sending top executives to Europe to garner public support and show its resolve in stopping the proposal from becoming law.
Facebook made the announcement on Tuesday, partly in response to growing scrutiny from regulators and legislators over user safety and abuses on its platforms. Activists have criticised faceprinting as a serious threat to privacy.