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Market News

December 23, 2020

Market News

Social media giants face tough fight in 2021

Social media companies find themselves in the unique position of gaining the distrust and hatred of both Democrats and Republicans in Congress, and the problem will only grow next year.


Earlier this year, the CEOs of Facebook and Twitter were raked over the coals by lawmakers over concerns that the companies were taking advantage of a controversial loophole in the law.


Right now, social media firms can't be held liable for the content posted on their platforms. But Congress wants to change that as allegations of censorship and bias have grown.


The companies have also been criticized for how they handle sensitive user data.  At this rate, it wouldn't be a surprise if the government moved to regulate Facebook and Twitter by the end of 2021.

Social media logos magnified on a keybaord

Image source: CNET

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Paul Mampilly is a Wall Street legend.


(Barron's crowned his hedge fund as the "world's best" and Kiplinger ranked it in the top 1%.)


But a few years ago, he left Wall Street.


"I just grew tired of helping the rich get richer," Paul explains. "So I started sharing my No. 1 investment picks with Main Street Americans."


And his No. 1 stock picks have been phenomenal.


In 2016, Paul's No. 1 pick — Tableau Software — shot up 199%.


In 2017, Paul's No. 1 pick — Foundation Medicine — shot up 524%.


In 2018, Paul's No. 1 pick — Roku — shot up 393%.


In 2019, Paul's No. 1 pick — MTech Acquisitions — shot up 332%.


But Paul believes his No. 1 stock pick for 2021 could go even higher.

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Thanks for reading today and be sure to stay tuned for our next edition.


Until Next Time,


This has been John Denton

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