Facebook Should Be Broken Up, Silicon Valley Democrat Says

Bloomberg2021-06-15

California Democrat Ro Khanna wants Facebook Inc. to unwind its acquisitions of Instagram and WhatsApp -- two of its biggest deals in the past decade -- as he called for more aggressive antitrust ...

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Comments

luluu
2021-06-15
luluu
Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues. Will be interesting to see how they pivot away from ad biz
Jenjorjack
2021-06-15
Jenjorjack
Facebook ? How about the rest of Fanng. Please like and comment too
- L1324:
  is the shares? so more ppl will able to own it
beebeeyan
2021-06-15
beebeeyan
up up up
Zanetaghx
2021-06-15
Zanetaghx
Hmm
- Zanetaghx:
  Thanks
- EV97:
  Hello
- Zanetaghx:
  Thanks
Maxcrusader
2021-06-15
Maxcrusader
No!
Hock80
2021-06-15
Hock80
Ok

Leave a comment

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He cited the precedent set by the break up of AT&T Inc. in 1980s and of Standard Oil Co. in 1911 as an “extraordinary remedy” but one worth considering.\nIn December, the U.S. Federal Trade Commission, which reviewed and aproved Facebook’s Instagram and WhatsApp acquisitions in 2012 and 2014 respectively, filed a lawsuit seeking to break the companies back up.\nKhanna, a former Obama administration official in the Commerce Department, also said he supported a bill introduced by Minnesota Senator Amy Klobuchar, a fellow Democrat, which makes it harder for some deals to win antitrust approval by putting the burden on companies to prove a takeover isn’t anticompetitive. Under current statutes, the government has to persuade a judge that a merger would harm competition.\nKlobuchar’s bill is part of a broader bipartisan effort to rein in big technology companies and bring in more competition. 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FCF is very juicy, yet so many complications with privacy issues.&nbsp;Will be interesting to see how they pivot away from ad biz","listText":"Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues.&nbsp;Will be interesting to see how they pivot away from ad biz","text":"Facebook is one complicated stock. FCF is very juicy, yet so many complications with privacy issues. Will be interesting to see how they pivot away from ad biz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184459989","repostId":1186461856,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184433416,"gmtCreate":1623721074035,"gmtModify":1704209504600,"author":{"id":"3554873215379647","authorId":"3554873215379647","name":"Jenjorjack","avatar":"https://static.tigerbbs.com/d9d4687aa5519f0d2fb1b18f916be861","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"3554873215379647","authorIdStr":"3554873215379647"},"htmlText":"Facebook ? How about the rest of Fanng. Please like and comment too","listText":"Facebook ? How about the rest of Fanng. Please like and comment too","text":"Facebook ? How about the rest of Fanng. Please like and comment too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184433416","repostId":1186461856,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4760270,"gmtCreate":1623721590250,"gmtModify":1663228803339,"authorId":3574119575606145,"author":{"id":3574119575606145,"idStr":"3574119575606145","authorId":3574119575606145,"name":"L1324","avatar":"https://static.tigerbbs.com/b05b9f32dd8af2590c80da38d48e37fc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184433416,"type":1,"supId":0,"prevId":0,"content":"is the shares? so more ppl will able to own it","text":"is the shares? so more ppl will able to own it","html":"is the shares? so more ppl will able to own 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","text":"Thanks ","html":"Thanks "},{"id":4765831,"gmtCreate":1623741439216,"gmtModify":1663228828648,"authorId":3576051773113837,"author":{"id":3576051773113837,"idStr":"3576051773113837","authorId":3576051773113837,"name":"EV97","avatar":"https://static.tigerbbs.com/d7c5abc0090a7661479c5bde2eeab0c5","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 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