Corporate Moves
St. Louis Pension Trustee Removed for Online Posts, Fraud Accusations
Former police sergeant made claims in Facebook posts that COVID-19 didn’t cause disabilities.
Tag: Facebook
Market Moves
Buy Tech, But Not the Big Boys, and Use Private Equity, UBS Says
PE is a much better way to own technology companies, and there are more pickings, the bank argues.
Market Moves
Ned Davis: Tech Titans Could Fall 20% This Year
If Treasury yields keep rising, and the 10-year Treasury hits 2%, it’s bad news for the Nasdaq 100, the research firm warns.
Will the Wheels Come Off the Market in 5 Years?
Doubts rise that stock’s boffo performance will keep rolling through 2025, although almighty tech might let it maintain some momentum, savants say.
How the Stock Market’s Tech Leaders Will Be Ousted
Hey, Facebook, Apple, Amazon, and their ilk can’t count on eternal dominance.
Market Moves
Nasdaq 100 Is Just Halfway Through Its Plunge, Says Morgan Stanley
The firm’s Michael Wilson sees a further reckoning for the home of the biggest tech names.
Overvalued Stocks: What Would Make Sky-High Multiples Drop?
This top-heavy bull market, led by a handful of tech leviathans, could unexpectedly get a lot cheaper. Here’s how.
Corporate Moves
Working from Home: Maybe Not So Great After All
Polls show white-collar workers want to go back to the office, at least for some of the time.
Risk
Pension Fund Sues Facebook Over Timing of Stock Buybacks
Lawsuit questions whether buybacks were designed to boost stock sales by Mark Zuckerberg and other insiders.
Alternatives
Temasek Joins Facebook-Backed Libra Association
The Singapore sovereign wealth fund is the first government-owned entity to join the blockchain project.
Regulation
Rhode Island Pension Alleges Zuckerberg Overpaid 2019 Settlement to Avoid Personal Consequences
State Treasury says Facebook overpaid Cambridge Analytica settlement by $2 billion to win extra concessions from the feds.
Asset Allocation
Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End
Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.
Market Moves
Value Finally Has Its Day, but Will that Last?
Lower-cost stocks have outpaced hot-shot momentum plays since August.
Newsmakers
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Facebook to Pay $5.1 Billion to FTC, SEC over Privacy, Data Violations
Regulators accuse social media giant of deceiving users and investors.