Yesterday’s Top Stories From the Breitbart News Desk

Maganomics Daily

Yesterday's Top Stories From the Breitbart News Desk

Social media companies Facebook and Twitter are at the center of a scandal stemming from their efforts to censor the New York Post’s reporting on Hunter Biden. Conservatives are up in arms. Lawmakers are promising subpoenas and committee hearings. It’s being blasted as a cover-up.

Yet the share prices of the two companies are hardly in crisis. Both are down a bit in recent days, but not more than the broader market, which has fallen in four out of the past five trading sessions. They both trade well above where they were a month ago.

This likely reflects investors’ belief that the sound and fury about reining in social media censorship is unlikely to produce any concrete reforms. Despite the obvious antipathy Twitter and Facebook have shown toward the Trump presidency, conservative media, and Republican politics, GOP lawmakers have left Silicon Valley untouched. If Joe Biden were to win in two weeks, he would owe his victory in no small part to their thumbs on the scale. He would be unlikely to push for legislation that would hurt his allies.

Tech genius says this is the next tech cash cow

The flight from the cities shows no signs of abating. Homebuilder sentiment rose to a new record high in October, the third consecutive record-breaking month. Current sales conditions and expected sales conditions rose to record highs, while buyer traffic held at last month’s record. New single-family home sales are outpacing housing starts, foreshadowing a supply crunch in the months ahead.

Stimulus talks continued yesterday but still show no signs of producing legislation that would be able to pass prior to the election.

– Alex Marlow, Breitbart News Network


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