. All three failed to protect their customers' privacy or capitalized on their access to client accounts without approval from them., opening millions of fee paying accounts without consent from its customers. While The Wall Street Journal and the Los Angeles Times had unearthed the relentless cross-selling strategy years earlier, the scandal broke widely in September of 2016 when the Consumer Financial Protection Bureau announced $100 million of fines on Wells.
Since the end of 2018, the stock has climbed over 60%, as investors have forgiven Facebook, or, at least, overlooked its transgressions. Unlike Wells Fargo, which violated an original bank commandment — to keep depositors' money safe — Facebook'sis sharing, not privacy, and its platforms still dominate this market. Also, despite media outcry, the currency of privacy may have a lower value than real money., when personal information on close to 147 million Americans was hacked.
Like Facebook, Boeing is the dominant U.S. player in its field. Once investors feel a higher authority has sanctioned the aircraft, they will likely look forward rather than back.
Investors, and the market overall, buy and sell stocks based on their expectation of future profits. The 'penalty box' for investors for Boeing, exists because they have taken a massive profit hit from the MAX grounding. The second that ends, investors will return.
The wall street elite soon will destroy motivational employment, as in capitalism, by repeatedly trashing investment. Same garbage has been going on for over two years, 9Q+. 90% beat earning's est. nearly all Q, and they get slammed. This Q no diff. Beyond infuriating. Look at it
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Source: CNBC - 🏆 12. / 72 Read more »