Discover and read the best of Twitter Threads about #FAANG
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Here's every date in the past 20 years that a #FAANG stock was down 20% or more in a single trading session.
data: @YahooFinance
$FB $AAPL $AMZN $NFLX $GOOG
data: @YahooFinance
$FB $AAPL $AMZN $NFLX $GOOG
5 of the 11 dates are in July.
4 of the dates are July 24th, 25th, or 26th.
(1) The #California Legislature is panicking tonight. They're currently presented with a watered-down #ConsumerProtection bill that would require tech companies to disclose the data collected on users, and delete the data collected on them at request. leginfo.legislature.ca.gov/faces/billNavC…
(2) This bill poses a huge threat to the profits of FAANG corporations, and it poses a threat to the companies who rely on this data to sell advertisers and political groups analytics on prospective consumers/voters.
Why is it such a problem, though?
Why is it such a problem, though?
(3) The #CCPA is actually quite milquetoast, as it's written now. But if they don't pass this bill, California has a much bigger problem coming for them in November: the will of the people.
