A vaguely worded tweet from billionaire Elon Musk has caused the share price of a virtually unknown company to skyrocket.
The world’s richest man was responding through social media to a mass exodus of users from popular instant messaging application, WhatsApp.
WhatsApp had just announced some controversial changes to its privacy policy, allowing the app to share the personal data of its users with its parent company Facebook, for advertising purposes. Users would either have to accept the new terms before February 8, or have their accounts deleted. Read more…..
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The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent.
