The Growing Regulatory Risk for Fangs
One of the elements that has been weighing on technology companies this spring has been the threat of regulations. To judge that risk, Barron's interviewed a number of Wall Street Analysts to get their views. Overall, the consensus was that future regulatory risk for fangs was muted. One managing director for Canacord Genuity commented that, "Facebook management addressed important data and privacy issues head-on, outlining new disclosure standards for political ads and hiring aggressively against privacy initiatives.…For the time being, the worst is very likely behind Facebook stock ."
FINSUM : We tend to agree here. We do not see the government taking major action, and the worst seems to be behind tech companies, for now.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.