Facebook and Google face bigger regulatory risks than Amazon, according to David Eiswert, the portfolio manager of T. Rowe Price’s Global Stock Fund.
Top lawyers from Facebook, Twitter, and Google appeared in Congress in November to answer questions about Russian meddling in the 2016 US presidential election.
Facebook’s advertising platform is “like a wide-open Wild West,” Eiswert said.
The largest online platforms have come under intense scrutiny about how their sites were used and abused during the 2016 US presidential election campaign.
But even though investors have coined a convenient acronym for Facebook, Amazon, Apple, Netflix, and Google, they’re by no means lumping their risks together.
“The giants that I am more concerned about than Amazon are Facebook and Google,” David Eiswert, the portfolio manager of T. Rowe Price’s $950 million Global Stock Fund, said.
“Apple and Amazon don’t monetize through selling private data. Apple sells iPhones, Amazon delivers customer service.”
In November, top lawyers from Facebook, Twitter, and Google appeared before the Senate and House intelligence committees to answer questions about Russian meddling in the 2016 US presidential election. Facebook, for example, had found evidence that fake accounts, likely run from Russia, bought thousands …read more
Source:: Businessinsider – Technology
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