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Fly News Breaks for March 20, 2019
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Mar 20, 2019 | 09:29 EDT
Stifel analyst Scott Devitt noted that David Cicilline, a member of the House of Representatives and the chairman of the House Subcommittee on Antitrust, Commercial and Administrative Law, has authored a New York Times OpEd entitled "The Case for Investigating Facebook," which adds to a growing list of global politicians and regulators attacking Facebook. However, investors continue to "mostly ignore" the rising risks associated with calls for regulation and antitrust controls, said Devitt, who keeps a Hold rating on Facebook shares.
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