European Union antitrust watchdogs charged Meta Platforms, Inc (NASDAQ: META) for distorting competition in the markets for online classified ads by bundling the Facebook Marketplace to its social network. The European Commission paved the way for potential fines or changes to its business model, Bloomberg reports. EU Antitrust Commissioner Margrethe Vestager voiced disapproval for Meta tying its dominant social network Facebook to its online classified ad services Facebook Marketplace, leaving Read More...
Motley Fool
Why Blink, ChargePoint, and Faraday Stocks Are Falling
Shares of companies tied to the electric car industry, from start-up EV manufacturer Faraday Future Intelligent Electric (NASDAQ: FFIE) to Blink Charging (NASDAQ: BLNK) and ChargePoint (NYSE: CHPT) — which, as their names suggest, both operate networks of chargers for electric cars — tumbled in early trading Monday. As of 10:45 a.m. ET, Faraday shares are down a disheartening 11.7%, while Blink is losing 6% and ChargePoint has been drained by 8.5%. Given that there’s no obviously negative news on the wires about any of these companies today, however, there seems only one logical explanation for the selling: tax loss harvesting.
