Users are deleting their accounts and threatening a class-action suit.
Advertisers could pull back in droves.
Congress wants CEO Mark Zuckerberg to testify before them.
U.K. regulators could file charges against the company.
And, worst of all, Facebook likely violated a 2011 consent agreement with the FTC (Federal Trade Commission) to safeguard users’ personal information and could be subject to trillions of dollars in fines.
Making a killing in the stock market is easy, if you can tell the future.
But if you can’t do that, then where do you turn?
Over the past few years, Shah Gilani has sat in front of a global television audience on Fox Business, week in and week out, and has successfully predicted the moves that the market will make with what seems like effortless skill, time and time again.
If you’ve been following his work at all, you know that when Shah makes a prediction, it’s best to listen. Just this morning, he did it again.
A week ago, Shah made the bold claim – on live national television – that Facebook Inc. (NasdaqGS:FB) would drop to a shocking $150. And it did.
Now he’s back, to share what he sees happening next (and how he plans to profit).
The stock took off last October and has since been on its own roller coaster ride.
Shares spiraled downward 25.2% last week. As of January, the stock’s down almost 50%. It tried to bounce and failed, tried again, and failed, tried again, and is failing.
The news on Overstock.com isn’t good.
Between rapidly declining revenue, down nearly $25 million before taxes, and their low sales relative to competitors like Wayfair Inc. (NYSE:W) and Amazon.com Inc. (NasdaqGS:AMZN), Overstock.com could be headed into a brick wall.
IPOs (initial public offerings) are the market’s favorite way to get in on the ground floor of the next hottest company. For initial investors, it can be extremely profitable.
Not all IPOs were created equal, however, and the past couple years have had especially slim pickings. Whether they’ve just been disappointing, or they haven’t yet figured out how to make any sort of profit, plenty of IPOs are a far cry from Visa Inc. (NYSE:V)’s legendary 678% growth.
The best way to profit from investing in an IPO is by accurately estimating its impact before going all in.
Facebook Inc. (NasdaqGS:FB)’s stock suffered a 10% decline mid-last week, and things aren’t looking too positive. For the first time ever, the number of U.S. and Canadian Facebook users has plummeted, dropping from 185 million daily active users to 184 million. It’s a small change, but one that could incite some significant variations in the near future.
On this week’s installment of Varney & Co., Shah Gilani discusses how investors should react to the negative news surrounding the most-used social media platform in the business. He and Stuart Varney also discuss what Jerome Powell’s first press conference could mean for interest rates, what the press will ask him, and how the market will respond to it all. Click here to watch…
On Friday, I talked to you about the mistake of a bill that the Senate passed on March 14. Called the Economic Growth, Regulatory Relief, and Consumer Protection Act, the bill was enacted to reduce the number of so-called “systemically important financial institutions” (SIFIs) that are subject to tough regulations like stress tests and writing their own living wills.
Truth be told, there’s a lot more to this situation than just this bill. Something fishy is going on with one of the U.S.’s most-used banks, and let me tell you, it stinks.
In fact, it could even affect your money as it stands now.
Now the House of Representatives, which already passed H.R. 3312, the Systemic Risk Designation Improvement Act of 2017, on December 19, 2017, by a bipartisan vote of 288 to 130, has to reconcile its American Bankers Association sponsored “Free Willy” SIFI freedom act with the Senate’s.
Those two bills will get reconciled, sent to the President who will sign it, and the beginning of the end to the crazy, burdensome, out of control Dodd-Frank Act will be underway… Which is a good thing.
Generally, I’m not inclined to write about legislation in process – meaning a bill that passes one house and has yet to make it into the other chamber for consideration.
However, it’s not like me keep quiet about banking rules, especially proposed rules rolling back consumer or economic protections, or protections from bankers with dirty bomb briefcases.
So, I have to touch on the Senate bill passed on Wednesday this week – on the 10th anniversary of Bear Stearns failing, mind you – because it’s the first crack in crisis-era rules that have safeguarded us since then.
There’s good and bad in the Senate bill… But mostly bad.
The market seems to be recovering from the wild swings that it’s been seeing for the past month and a half. Tech stocks hitting it out the park, leadership stocks doing well, and the Dow Jones is keeping its head above water at a healthy 25K.
On this week’s Varney & Co., host Stuart Varney and Shah Gilani discuss which stocks are holding the Dow up (and which ones investors should avoid). They also cover Walmart Inc. (NYSE:WMT)’s fresh new tactic to keep Amazon.com Inc. (NasdaqGS:AMZN)’s competition at bay, and Volkswagen’s shocking new move… Click here to watch…