2018年3月26日星期一

Monday Morning Briefing: Is Wall Street's beloved FANG losing its bite?

Highlights

Is Wall Street's beloved FANG stock quartet breaking up? The outcry over Facebook’s handling of users’ data has bled $75 billion from the social media company’s stock market value, with concerns about potential regulation of internet companies also hurting Alphabet.

Opinion polls published yesterday in the United States and Germany cast doubt over the level of trust people have in Facebook over privacy, as the firm ran advertisements apologizing to users. However, anyone tempted to #DeleteFacebook is still likely to be monitored by the social network, which tracks nearly 30 percent of global website traffic.

Remington, one of the largest U.S. makers of firearms, filed for bankruptcy protection yesterday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. Thousands gathered in Washington DC for in a "March for Our Lives" protest over the weekend demanding gun control after recent school shootings.

World

At least 64 people, including children, were killed by a fire which engulfed a busy shopping mall in the Siberian city of Kemerovo. The fire, one of the deadliest in Russia since the break-up of the Soviet Union, swept through the “Winter Cherry” shopping center yesterday afternoon.

China said it is willing to hold talks with the United States to resolve their differences over trade, as alarm grows over a possible trade war between the world’s two largest economies. World stocks came off six-week lows and U.S. stock futures jumped on optimism surrounding the talks.

Commentary: A growing cohort of pro-Russian politicians in Europe is untroubled by Putin's illiberal policies and benefits from his support. “The danger of the populist-nationalist-far-right/far-left affection for Russia ... is that it renders increasingly faint the distinction between a charismatic authoritarian leader and the messiness of democratic rule,” writes John Lloyd.

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The great @patpichatan interviews the fabulous queens of Drag Race Thailand as they sashay and lipsynch their way for greater LGBTQ acceptance in Thailand. Some fierce performances, beautifully illustrated by TV/pix https://reut.rs/2DUx9Ft

11:18 AM - MAR 26, 2018

tech

Uber sells Southeast Asia business to Grab after costly battle

Ride-hailing firm Uber has agreed to sell its Southeast Asian business to bigger regional rival Grab, marking the U.S. company’s second retreat from an Asian market.

5 min read

Megaupload founder wins battle in ongoing fight against U.S. extradition

Internet entrepreneur Kim Dotcom won one battle with New Zealand authorities when a Wellington court ruled the attorney general broke the law by refusing his request to be given all information about him held by public agencies.

2 min read

Apple, IBM chiefs call for more data oversight after Facebook breach

Executives from Apple and IBM have called for more oversight on how personal data is used following the Facebook breach that saw roughly 50 million users’ data misused by consultancy Cambridge Analytica.

3 min read

Top Stories on Reuters TV

Stormy Daniels says she was 'threatened' to keep quiet

Austin bomb suspect called himself a 'psychopath'

Trump will not hire two new lawyers, citing conflicts

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