Not hardly. Though the biggest names in tech are about to be grilled on Capitol Hill, Shah Gilani safely says that our tech darlings – Facebook Inc. (NasdaqGS:FB), Twitter Inc. (NYSE:TWTR), and Google’s parent company, Alphabet Inc. (NasdaqGS:GOOGL) – aren’t going to hit the chopping block anytime soon.
Meanwhile, on the latest episode of Varney & Co., the panel of experts examine the fate of Elon Musk. This week, Mr. Musk posted a fresh rant regarding the rescue of the 12 Thai children who were trapped in a flooded cave in July. Going ballistic via the internet isn’t uncharacteristic of Mr. Musk, and Shah concludes that Mr. Musk’s time of power is slipping like sand through an hourglass. It’s no longer a matter of if, but of when the U.S. Securities and Exchange Commission will come for him.