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The Zacks Analyst Blog Highlights: Twitter, Facebook and Alphabet
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For Immediate Release
Chicago, IL – May 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Twitter , Facebook and Alphabet (GOOGL - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Trump Is Mad at Social Media Networks: Should We Care?
President Trump may have chosen a particularly bad time to hit out at social media companies, what with the virus spreading all over the place and the economy in shambles. The last thing we need about now is somebody trying to make things more difficult for perfectly functional companies. Companies that have stood up to the challenge thrown up by the virus, disseminating useful information, flushing out fake news (after some initial stumbles when we heard that people were consuming chemicals and other stuff somebody happened to recommend) and instituting fact checkers that have done some genuinely good work.
It’s a different story that people naturally have their biases, whether leaning left or right, and this is likely to reflect on their output. So while Trump’s Twitter tirades have become something of an embarrassment for many, his executive order may deal with something less frivolous.
According to law professor Kate Klonick, who tweeted that she’d been sent a copy anonymously, the order will be on the issue of labeling by social media companies, which will be treated as editorial conduct, thus losing Section 230 protection.
Section 230 is that part of the Communication Decency Act of 1996 that declares that "No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider." So effectively, social media platforms like Facebook, Twitter and Alphabet’s YouTube are protected from legal action if any user posts objectionable content.
Presumably, the order seeks to ban government advertising on these “public square”-like sites that don’t adhere to editing protocols, and enlists the FTC and state Attorney Generals to see if they have acted deceptively or unfairly.
If that’s there all is to it, there’s unlikely to be much of a legal problem because the order will of course be challenged and everything will have to be investigated, which will take time. Additionally, as regards the pullback on government spending on these platforms, it just doesn’t sound like such a good idea given that elections are around the corner.
So the way I see it, there isn’t much to be concerned about at all.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.
These 7 were selected because of their superior potential for immediate breakout.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Twitter, Facebook and Alphabet
For Immediate Release
Chicago, IL – May 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Twitter , Facebook and Alphabet (GOOGL - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Trump Is Mad at Social Media Networks: Should We Care?
President Trump may have chosen a particularly bad time to hit out at social media companies, what with the virus spreading all over the place and the economy in shambles. The last thing we need about now is somebody trying to make things more difficult for perfectly functional companies. Companies that have stood up to the challenge thrown up by the virus, disseminating useful information, flushing out fake news (after some initial stumbles when we heard that people were consuming chemicals and other stuff somebody happened to recommend) and instituting fact checkers that have done some genuinely good work.
It’s a different story that people naturally have their biases, whether leaning left or right, and this is likely to reflect on their output. So while Trump’s Twitter tirades have become something of an embarrassment for many, his executive order may deal with something less frivolous.
According to law professor Kate Klonick, who tweeted that she’d been sent a copy anonymously, the order will be on the issue of labeling by social media companies, which will be treated as editorial conduct, thus losing Section 230 protection.
Section 230 is that part of the Communication Decency Act of 1996 that declares that "No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider." So effectively, social media platforms like Facebook, Twitter and Alphabet’s YouTube are protected from legal action if any user posts objectionable content.
Presumably, the order seeks to ban government advertising on these “public square”-like sites that don’t adhere to editing protocols, and enlists the FTC and state Attorney Generals to see if they have acted deceptively or unfairly.
If that’s there all is to it, there’s unlikely to be much of a legal problem because the order will of course be challenged and everything will have to be investigated, which will take time. Additionally, as regards the pullback on government spending on these platforms, it just doesn’t sound like such a good idea given that elections are around the corner.
So the way I see it, there isn’t much to be concerned about at all.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.