Regulators from the U.S. and abroad have flagged privacy, regulatory and antitrust risks of the social media giant.
HSBC Global Strategies initiated coverage of Facebook with a reduce rating, recommending investors sell the stock.Trust-busting, anti-competitive fines, privacy fines, taxation, merger control and telecoms-type regulation all pose potential implications to valuation the firm said.
"Although it has taken time for policy makers and regulators to ready their ideas, it should now be clear they have well-advanced plans for intrusive interventions," said HSBC senior analyst Nicolas Cote-Colisson in a note to clients. the European Union have all announced investigations into Facebook, either on the tech giant's practices on digital competition or concerns about its digital currency Libra. Despite the regulatory overhang, shares of Facebook are up over 50% this year. But HSBC said its only a matter of time before the stock prices in the real threat of privacy, regulatory and antitrust risk.
The results of the regulatory crackdown, including fines and policy changes could cost Facebook almost 40% of its market value, the firm said. Trust-busting, anti-competitive fines, privacy fines, taxation, merger control and telecoms-type regulation all pose potential implications to valuation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US court sentences Hezbollah operative to 40 years in jailAn American of Lebanese descent was sentenced to 40 years in prison on Tuesday for buying weapons and plotting attacks on behalf of the Lebanese Shiite group Hezbollah. Ali Kourani, 34, was found guilty in May of gathering intelligence on potential attack targets, including New York&39;s JFK International
Leer más »
Most massive black hole in local universe with 40 billion solar masses discovered'Imagine condensing two-thirds of the Milky Way—which has a stellar mass equivalent to 60 billion suns—into a black hole and you have what we measured,' said researcher Roberto Saglia.
Leer más »
Hezbollah 'sleeper' agent in New York gets 40-year prison sentence'Ali Kourani was recruited, trained, and deployed by Hezbollah to plan and execute acts of terrorism around New York,' U.S. Attorney Geoffrey Berman said.
Leer más »
Ron Rivera fired by Carolina Panthers after nearly 9 years
Leer más »
Dog left alone accidentally turns on microwave, nearly burns down homeBritish firefighters warn against putting food in microwaves when not in use after pet causes small fire.
Leer más »
BBC iPlayer Streams Ahead With Nearly 3.6BN Views In “Record-Breaking” YearThe BBC’s director of content Charlotte Moore has hailed a “record-breaking” year for iPlayer after the British broadcaster’s streaming service was boosted by shows includin…
Leer más »