Start Worrying about Facebook

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Start Worrying about Facebook

Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook have been conducting a public argument over whose company is less virtuous. Corporate consultants would normally regard such communication as sub-optimal, but today’s late rally on Wall Street suggests that investors are looking beyond the bit fight. The Journal reports:

Technology shares helped lead the rebound, with all of the so-called FAANG stocks—Facebook, Amazon.com, Apple, Netflix and Google parent Alphabet—rising following a heavy bout of selling Monday. Facebook rose 0.5%, while Apple added 1% and Amazon rose 1.5%… many investors say recent stock pullbacks…

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