Emerging market funds top tech sector on Facebook scandal
Emerging market-focused funds have topped the tech sector since news of Facebook’s privacy blunder broke last month, according to FE Analytics.
Funds could create ‘wider problem’ for tech sell off
Global equity funds with large allocations to tech could result in a “wider problem” if Monday’s sell off continues with many investors exposed to the sector even if they do not have direct holdings.
What Facebook’s privacy blunder means for tech
Earlier this week, the US Federal Trade Commission began investigating Facebook over privacy concerns around data used to influence the US election. Shares in the social media giant began to slide quickly after, but could this be a blow for all tech stocks?
‘Hitman’ using Facebook data in offshore bitcoin scam
Jersey’s regulator and financial crime unit have warned of email threats to send hitmen to people’s homes unless they make a substantial payment in bitcoins.