Of the many takeaways from Zuckerberg’s appearance on Capitol Hill yesterday, the one thing that stood out for me was a comment from Representative Tom Emmer who pointed out that a vast majority of the questions being asked were ill-prepared and/or unrelated.
“Congress is nowhere close to catching up with some of the most basic technologies affecting our time.”
Indeed, there were probably at least as many, if not more questions about Facebook’s community standards policy than there were about the Libra project.
Still, what seems to me is that Facebook’s strategy to highlight the difficulties of innovating in the United States, especially in the face of Chinese progress, has paid off handsomely. We do hope that Facebook is successful in its mission to bring regulatory clarity to crypto USA.
We’ll take a good look at the market reaction below.
Please note: All data, figures & graphs are valid as of October 24th. All trading carries risk. Only risk capital you can afford to lose.
One stock that is often seen as a bellwether for the global economy is the well-known maker of industrial equipment Caterpillar, who reported their earnings yesterday with a rather depressing outcome.
It’s now quite clear to all, that the current trade wars that have been dominating headlines over the last few years are inflicting real damage to business confidence. Even the game making giant Hasbro has blamed their recent troubles and a 15% drop in share price on the ongoing trade wars and tariffs.
What seems interesting to me, and I know I’ve been using the ‘R’ word a lot lately,