Facebook and other social media giants have recently been exposed to violent attacks by lawmakers, regulators and users on their data practices.
Victor Pascucci III
Managing Partner, Lightbank
"The extent of Facebook and the size of its data makes it very difficult to displace them in any scenario."
Managing Partner, Loup Ventures
"I think you will see these changes in politics [possible regulation]
Senior Analyst, SunTrust Robinson Humphrey
" Digital advertisers we've talked to are not leaving Facebook Considering how effective the platform is relative to other channels. We see no indication that users flee in bulk from FB. "
Analyst, Wedbush Securities
" Even if Facebook had a negative impact on overall user growth, marketers would have to see significant declines in their dedicated cohorts before seriously re-evaluating their budget allocations.
An end to a rough quarter
stocks rose and fell wild, led by tech stocks, from Facebook to chipmaker Nvidia to automaker [1
Trade, Diplomacy, Confusion
The US and South Korea unveiled a trade agreement Cars and steel just to make President Trump threaten to consider it a "ticket" for North Korea talks of this, China and the US tried to smooth out the trade tensions. And North Korean leader Kim Jong-un went to Beijing to consult with Chinese leaders, his first time out of the country since he came to power in 2011. China then said that Kim is committed to de-nuclearization, just to tell Kim South Korea that nuclear weapons in April are not on the agenda for talks between the two countries.
Casting Out Russian Spies
The United States sent 60 Russian diplomats to Seattle in response to a Russian nerve gas attack in Britain. In total, 27 countries have expelled Russians. The Kremlin retaliated by attacking 60 Americans and closing the St. Petersburg Consulate.
Facebook under pressure
It was raining on Facebook and its CEO Mark Zuckerberg. The Federal Trade Commission confirmed that it had opened an investigation on Facebook, 37 prosecutors said they wanted answers to their practices and Zuckerberg agreed to testify before the congress. Facebook shares rebounded Thursday and were up 0.25% a week.
Boom Time for Bonuses
Even as Congress and the administrative discussion ease aspects of Dodd-Frank, the New York banker bonuses reach a high unseen after the financial crisis: $ 184,220, up 17% from York State Auditor. The numbers do not include stock options or deferred wages, which are often much larger than cash payments.
Williams Mooted for NY Fed
The president of the San Francisco Federal Reserve, John Williams, appears to be a forerunner to lead the New York Fed, though a decision has not yet been made. The Fed was criticized for its lack of diversity, and Senator Elizabeth Warren of Massachusetts said Williams should testify before the congress before the meeting.
Shulkin Falls at V.A.
The President fired the head of the Department of Veterans Affairs, dr. David Shulkin, and replaced him with the White House doctor, dr. Ronny Jackson, a Rear Admiral. Shulkin argued that he was the victim of a conservative movement to privatize the VA
Walmart talks with Humana
The Wall Street Journal reports that Walmart is in talks to buy health insurance Humana, which has a market value of $ 37 billion.
EPA on greenhouse gases
The White House is expected to accept an Environmental Protection Agency plan to reduce the emissions standards of the Obama era
Edited by Robert Teitelman and Dan Lam
Email: editors @ barrons.com