With US President Joe Biden expected to keep scrutiny of tech front and centre, the breaking up of some of Silicon Valley giants is poised to unlock value for investors, but not all stocks will come out as winners.
Fund managers believe an antitrust push against tech monopolies could be bad news for consumers, but not investors. Colin Sebastian, senior research analyst at Baird, told Investment Week that the "headlines are scarier than reality" and if Instagram is forced to part from Facebook or YouTube from Google, that is "actually a good thing" from an investor's perspective. "You would unlock the value of Instagram, or potentially WhatsApp or Messenger. That value is currently locked into the market capitalisation of Facebook or YouTube," he said, adding that "an antitrust-related breakup wo...
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