Tech Scrutiny Could Intensify No Matter Who Wins U.S. Election
- Social media stocks are in crosshairs ahead of midterm vote
- Analysts expect more headline risks after October sell-off
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No matter which party takes control of the U.S. House and Senate in next week’s midterm elections, technology and internet stocks are likely to face more regulatory scrutiny.
Internet companies, which are already struggling amid signs of cooling after years of rapid growth, have emerged as a rare subject of bipartisan criticism. Recent events like Facebook Inc.’s data breach have underlined the spotlight that’s been put on social media companies, especially in relation to consumer data and privacy.