SOCIAL MEDIA IS A SOLID SHORT
The time has come to short social media which means Facebook and Twitter as they’ve been the engines of the political controversy. After last week’s attack on Capitol Hill, the Congress has impeached the President for a record second time and will certainly reign in his tool of power - social media. The Russell 2000 Small Cap index is up ~20% since the election of Joe Biden on November 10th, indicating a change in stock market leadership. As Facebook has been riding a wave of good will for a long time that has allowed the company to remain exceptionally profitable – that good will is totally over, and the pendulum will swing the other way. Facebook may be broken up on anti-trust grounds and long investigations and hearings will be burdensome to the company. www.macroesg.com #macroesg @gregbeier --- Send in a voice message: https://anchor.fm/macro-esg/message