I am increasingly hearing on Bloomberg that the latest tech sell of is also due to political reasons not just rotation into small caps due to interest rates.
Trumps recently selected VP J.D Vance is apparently in favor of breaking up big tech companies like Google or Facebook.
https://www.wsj.com/video/jd-vance-on-big-tech/77769E96-70F5-45B6-8483-A7158C78A4D8
@Magaly can you continue to look into this? (How likely is it that they would go for something like this? Is it possible etc?)
Ps: Here a short overview from perplexity on a presidents influence on the FTC. As we know there is an FTC case against Meta regarding the acquisition of Instagram + WhatsApp. How the court will decide on that case is another question though.
I also found another article describing that Vance anti big tech rethoric resonated well with Voters and describes his connection with Thiel in more detail.
What we ultimately want to figure out is how deep this anti big tech sentiment runs and how much of a problem it could become for Meta (By understanding the sentiment + administrative/poltical/jurisdictive system better)