FT News Briefing Big Tech blocks Trump, urban renter exodus worries some MBS investors, CES goes virtual
Jan 11, 2021
Big Tech's crackdown on Donald Trump raises questions about censorship and political divisions. The mass exodus of urban renters during the pandemic is impacting mortgage-backed securities, alarming some investors. Meanwhile, Europe is navigating a new investment deal with China amid ongoing diplomatic challenges. Finally, the Consumer Electronics Show makes a virtual debut, showcasing practical innovations that meet the demands of a changing world.
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Delayed Action Against Trump
- Tech companies are taking decisive action against Trump now due to the storming of Capitol Hill.
- They fear further violence and want to avoid being held responsible.
Impact of Deplatforming
- Deplatforming Trump matters, even if he finds alternative platforms.
- Removing him from mainstream social media reduces his reach and engagement.
Urban Exodus Impact
- Renters leaving cities impacts the mortgage-backed bond market.
- Falling occupancy rates decrease the value of these securities.