Bourse Correction of 30-40% on the Way – Mark Mobius

The long Bull Run for stock markets could be due to a correction, according to one prominent emerging markets investor.

“There could be a substantial correction in the markets,” Mark Mobius, founding partner at Mobius Capital Partners, said.

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Amazon Set for a majority stake in Indian e-commerce player Flipkart

Amazon has made a formal offer to buy a majority stake in Indian e-commerce firm Flipkart, CNBC affiliate CNBC TV-18 reported Wednesday, citing sources. Amazon has offered to purchase a 60 percent stake in Flipkart. Amazon’s bid is a counter to Walmart, which is reportedly in advanced talks to become the largest shareholder of Flipkart.

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Facebook commits to civil rights audit, political bias review

To address allegations of bias, Facebook is bringing in two outside advisors — one to conduct a legal audit of its impact on underrepresented communities and communities of color, and another to advise the company on potential bias against conservative voices

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