The fact that Facebook was able to deliver that given all of the concerns really says I think a lot about the company in that it's not going anywhere anytime soon. The shares have fallen 30 percent from their highs I think in July and so we have seen this as a buying opportunity really for the last week or two.
If you had to say what the leading company in the world in artificial intelligence is, it would be Alphabet. I don't know if its ad business is as sexy or exciting as some, but its growth rate has stayed well over 20 percent.
Assuming that what we have seen essentially becomes the law, I would imagine that most companies with overseas cash are going to repatriate a very large amount of that capital to the U.S.
Snap Inc. and other companies that limit shareholders’ voting rights are no longer eligible to join the Standard & Poor’s 500 index — a rule that could hurt demand for Snap stock.