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.
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.
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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