Chinese Technology Stocks Drop as Trump Bans WeChat and TikTok in the U.S.

Global News

President Trump issued executive orders that prohibits US firms from doing business with TikTok and WeChat, two of China’s popular social media apps believed to be a threat to their national security. The order, which takes effect in 45 days, caused Tencent (owner of the messaging service WeChat) stocks to plummet after it was announced.

Analyzing And Fixing Facebook’s Death Spiral

Facebook under magnifying glass

Facebook needs to become a company that people again trust and start behaving strategically because they are rapidly becoming buried by a sequence of bad tactical decisions that have to be reversed. If they don’t, the firm is likely to be both broken up and heavily regulated, which will likely, eventually, kill it.