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Big Tech heads to Washington [CNN]

FACEBOOK (FB)  More Company Research Source: CNN
Last facebook earnings: 7/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Big Tech heads to Washington 1. Big Tech heads to Washington : Top brass from Twitter and Facebook will face off with members of Congress Wednesday. Twitter ( TWTR ) chief Jack Dorsey and Facebook ( FB ) Chief Operating Officer Sheryl Sandberg will appear before the Senate Intelligence Committee at 9:30 am ET on Wedesday. The topic is foreign actors' use of social networks to influence American elections. The hearing promises to be newsworthy and will again raise questions about regulation, but investors are not expecting any shocks. "Investors have become more immune to this news" since Facebook endured a public beating over the Cambridge Analytica scandal , said GBH Insights analyst Daniel Ives. "I think investors are expecting the companies to continue to reiterate their messages and communications from the last few months. This is not a new issue." Lawmakers will be seeking answers about what the companies are doing to respond to criticism of fake news, state-sponsored mi [Read more]

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