Chamath Palihapitiya: Here's why you go short big tech stocks Facebook and Alphabet right now

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Former Facebook executive Chamath Palihapitiya on Friday laid out his bearish case for the social media giant as well as Google-parent Alphabet.

Palihapitiya, founder and CEO of investment firm Social Capital, said in a series of tweets that there are a handful of negative catalysts to drive these shares down over the next few years, including increased regulatory scrutiny, taxes and new product experiences.

"Big Tech's long term success is no longer about better products," Palihapitiya said in a Friday tweet. "They are incumbents and their success is now a multi-variate/multi-dimensional problem of competition, anti-trust, tax and regulatory multiplied by EVERY city, state, country and jurisdiction in which the operate."

 

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Is there going to be a follow up on this?

Insane. Because of this they will continue to head higher so much fraud going on in the Nasdaq and Tesla !

this guy is always wrong

Ehh I think I’ll pass

Thanks for the buy advice

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