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| What To Watch For In Facebook's Q1 Earnings Facebook's is scheduled to announce its Q1 results on Wednesday, April 25. The company has been in the limelight in the last month after it was revealed that Cambridge Analytica harvested data of 87 million profiles (over 70 million from the U.S.). This resulted in a lot of negative press and some ...
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| After Facebook, Google's Data Practices May Be Under Fire Next Mark Mahaney at RBC Capital Markets wrote in a note to investors that the firm believes public scrutiny of internet tech giants such as Google, Facebook and Amazon is rising, and that "there is risk this could lead to business practice changes that negatively impact each company's financial outlook, with ...
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Jeff Gundlach Says It's Time to Go Short on Facebook As Facebook comes under growing scrutiny, there's been increasing talk of regulating social media companies. Equity bubbles are often popped by regulation, according to the fund manager, who is also chief executive officer at DoubleLine. The Los Angeles-based firm oversaw about $119 billion as of ...
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Investor and former Facebook employee Chamath Palihapitiya would not sell Facebook over data ... Palihapitiya, a former Facebook employee, said that a handful of private companies have the same level of information about people as government agencies such as the IRS. Once people "internalize" that, he said, the same level of regulation might apply to tech companies and government agencies.
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| Billionaire investor NEW YORK (CNNMoney) – Jeff Gundlach, the billionaire investor, isn't buying Mark Zuckerberg's apology tour. Gundlach, known as the king of the bond market, urged investors to bet against Facebook stock because of the risk that the company's user data crisis will trigger a government crackdown.
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