
Surveillance: Elevated Risks with Wilson
Bloomberg Surveillance
00:00
The Re-Pricing of the Equity Market
Last year, we were talking about Big Tech. And this year, the re-pricing has been in the opposite direction. I'm looking right now at Facebook shares up more than 71% so far year to date. That's not our view. Our view is that there's going to be probably more costs coming in that space because the malinvestment was just so egregious and the over earning was even worse.
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