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MARKETS LIVE BLOG:

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Today's Research Reports on Trending Tickers: Twitter and Facebook

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / November 26, 2018 / Twitter was in hot water recently in India as the CEO held a poster that one said was “hate mongering.” Facebook has also been having it rough as the company faces more backlash and headlines over the Cambridge Analytica data scandal.

The Market Edge Initiates Coverage on:

Twitter, Inc.
https://marketedgereport.com/report/TWTR/

Facebook, Inc.
https://marketedgereport.com/report/FB/

Twitter, Inc. shares were down 1.55% on roughly 5.8 million shares traded on Friday. There was no immediate news from the company but Twitter's CEO has caused an uproar among Hindus. Dorsey had held a poster that read "smash Brahminical patriarchy" which refers to the highest caste in Hindu. As the poster went viral, so did the backlash in India. Many Hindus referred to the post as "hate-mongering." The picture had been posted by a journalist who met with Dorsey during his trip to Indian last week. "The sentiments expressed on the poster do not reflect the views of Twitter as a company or Jack as the CEO, and we regret that this picture has detracted from an otherwise insightful trip to India," a Twitter spokeswoman told Reuters. T.V. Mohandas Pai, a former finance chief of software exporter Infosys said on Twitter, "Tomorrow if @jack is given a poster with anti Semitic messages in a meeting, will his team allow him to hold it up? Why is that any different? Inciting hate against any community is wrong."

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Access The Market Edge's Twitter, Inc. Research Report:
https://marketedgereport.com/report/TWTR/

Facebook, Inc. shares were down 2.29% on Friday with nearly 12 million shares traded. The social media has been making headlines over the Cambridge Analytica data scandal yet again. Parliament has seized documents from Facebook as part of an investigation of the scandal. The Observer has said that the documents reportedly reveal the data and privacy controls that Facebook used before the breach became public. Damian Collins, chair of the Commons Digital, Culture, Media and Sport (DCMS) Committee, said, "We are in uncharted territory. This is an unprecedented move but it’s an unprecedented situation. We’ve failed to get answers from Facebook and we believe the documents contain information of very high public interest." He added, "It has not answered our questions about who knew what, with regards to the Cambridge Analytica scandal. We have followed this court case in America and we believed these documents contained answers to some of the questions we have been seeking about the use of data, especially by external developers.” Facebook stated, "The materials obtained by the DCMS committee are subject to a protective order of the San Mateo Superior Court restricting their disclosure. We have asked the DCMS committee to refrain from reviewing them and to return them to counsel or to Facebook. We have no further comment.” Facebook's CEO Mark Zuckerberg recently said he would not be able to testify to an international grand committee that is investigating the company's role in fake news spreading.

Access The Market Edge's Facebook, Inc. Research Report:
https://marketedgereport.com/report/FB/

Our Actionable Research on Twitter, Inc. (NYSE: TWTR) and Facebook, Inc. (NASDAQ: FB) can be downloaded free of charge at The Market Edge.

The Market Edge

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport