A couple of billion folks globally use Facebook (FB) globally, hundreds of millions of them right here in the U.S.A. Manufactured housing and other marketers often use FB, as do politicos, or the latest crazed killer – anyone trying to get the word out – on whatever. Voices on the left and right are already gunning for Facebook for antitrust, privacy, bias, censorship, and a range of issues. They are certainly not alone, but the reveal today is that some 600 million passwords were unprotected. That suggests once more a lax attitude about user privacy, says an expert in our spotlight report this evening. On a day that markets largely rose, Facebook – the F in the FAANG stocks – will be our focus for this evening.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets. Headlines – at home and abroad – often move the markets. So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©
Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.
Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.
This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.
Want to know more about the left-right media divide from third party research? ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.
Select bullets from CNN Money…
- Another privacy scandal rocks Facebook
- Facebook reveals its staff had access to hundreds of millions of user passwords
- ANALYSIS Tech companies must evolve to survive
- Levi’s CEO: Don’t put your jeans in the freezer
- Business and labor unions say the UK is facing a ‘national emergency’
- LIVE UPDATES Apple carries Wall Street sharply higher
- Justice Dept. issues subpoenas in criminal investigation of Boeing
- Biogen stock plunges 28% after promising Alzheimer’s drug trial ends
- Wall Street’s fee wars have entered the ‘silly stage’
- Etihad Airways is struggling. Is it time to merge with Emirates?
- Pensions are disappearing. The government just made it easier for employers to get rid of them
- Tencent profit plunges 32% but its gaming business is recovering
- Starbucks shareholders voted against a diversity policy. It’s not what you think
- Ferrari and Lamborghini say ‘not so fast’ on electric supercars
- America imported no oil from Venezuela last week. Here’s why that’s a big deal
- Alexandria Ocasio-Cortez, ‘second most talked-about politician in America,’ graces Time cover
- Olive Garden owner post solid jump in sales
- General Mills raised prices on yogurt and cereal. It’s working
- Nine West exits bankruptcy and gives itself a new name
- Behind Olive Garden’s huge comeback
- This is DSW’s plan to save itself
- Why big retailers are getting smaller
- Levi Strauss has returned to life as it IPOs after more than 30 years
- Guess plunges on the same day of its rival’s IPO debut
- Shares of Levi Strauss soar 30% in IPO
- What Old Navy’s spinoff says about our cheap clothing addiction
- Levi’s wants to be more than a jeans company, so it’s going public
- This fashion giant is under siege by imitators. Here’s why it’s legal
Select Bullets from Fox Business…
- CVS starts selling CBD-infused products in 8 states
- WATCH: Why some Ford SUV owners are complaining of headaches
- Stocks close up on technology, consumer goods strength
- Ocasio-Cortez’s 70 percent tax plan: The likelihood of higher taxes and what it means for your retirement
- These jobs aren’t worth the cost of their degrees
- Ocasio-Cortez hits back at Jamie Dimon after Green New Deal criticism
- Powerball $625M lottery jackpot: Here’s the tax damage
- White House, corporate America flood Congress in USMCA push
- WATCH: Blue collar jobs, wages ‘skyrocketing,’ White House economic adviser says
- Millions of Facebook user passwords were accessible to employees
- Obama border patrol chief: Border crisis ‘absolutely’ a national emergency
- New Zealand firearm ban: Which guns to be permitted?
- Jack Keane: Trump deserves credit for defeating ISIS in Syria
- Treasury changes lump-sum pension buyout rules: What it means for workers, retirees
- Boeing’s troubles grow as Congress, regulators pounce
- Trump exec order to hold colleges accountable for student loan debt, free speech
- World’s most expensive city in 2019 is a 3-way tie
- Biogen’s stock craters on Alzheimer’s drug failure
- Disney-Fox merger could cause thousands of layoffs
- March Madness: Uber Eats offers free food for any ‘Cinderella’ upset
- After two jury losses, Bayer’s Roundup heads back to court with 11,200 lawsuits pending
Today’s markets and stocks, at the closing bell…
Today’s Big Movers
For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report –
First, some headlines and a pull quotes from CNBC, followed by some analysis beyond what that source’s panel discussion reflected.
Facebook employees had access to millions of user passwords
· The company releases a statement Thursday saying it would be notifying those affected in the near future.
· The incident may have affected between 200 million and 600 million customers and has been ongoing since 2012, according to the report by cybersecurity journalist Brian Krebs.
· “As part of a routine security review in January, we found that some user passwords were being stored in a readable format within our internal data storage systems,” Facebook said in a statement. “This caught our attention because our login systems are designed to mask passwords using techniques that make them unreadable. We have fixed these issues and as a precaution we will be notifying everyone whose passwords we have found were stored in this way.”
· Facebook, however, has been under intense scrutiny due to several years of privacy and security scandals that have earned the company criticism from customers and inquiries and fines from several regulatory agencies, particularly in the European Union.
· But Facebook’s scandals haven’t significantly dented the company’s count of active daily users, which rose last quarter despite an extended social media campaign by Facebook critics encouraging privacy-minded customers to delete their accounts.
What’s Ahead?
Senator Elizabeth Warren and 2020 Democratic presidential hopeful said that she favors a breakup of the company, but she also claimed that doing so would not impact users experience.
President Donald J. Trump and his 2020 campaign manager, Brad Parscale have both blasted Facebook for bias. But it is also true that recent reports reveal that the Trump campaign has done more ad buys on Facebook recently than all other Democratic candidates in the 2020 race so far. But that dynamic may change, as the number of declared Democrats swell, along with millions in the campaign coffers of some of them.
The risk from Facebook and the other FAANGs is multiple layered. They include, but are not limited to:
· Market power, squeezing out a growing number of publishers, as FB and Google most notably dominate the ad market.
· Their ability to influence or even control the narrative on political issues. The Creepy Line video documentary featured on MHProNews last year went into depth on that topic.
· As Amazon is demonstrating, these giants can get into other industries.
· The risk from monopolization of the marketplace is significant.
The E.U. just levied another $1.7 billion-dollar fine on Google. That’s a cost of doing business for them, but would represent nearly 20 percent of the value of all of manufactured housing’s retail sales in 2018.
#OpenMarkets, and #DeFaangBM are important themes for long-term players in manufactured housing to consider. The U.S. has historically taken antitrust seriously. While interest in antitrust is arguably up on both sides of the political aisle, it remains to be seen just how aggressive the Trump Administration, the GOP, or Democrats will actually be in the face of some of the most powerful corporations on the planet, which includes Facebook.
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Bloomberg Closing Ticker for MHProNews…
NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
