Dang it: after five months of successfully removing Facebook from my daily life, the South Dakota Investment Council is pinning more of our retirement on the privacy-destroying, anti-Semitism-enabling behemoth:
South Dakota Investment Council increased its stake in Facebook Inc (FB) by 11.44% based on its latest 2018Q4 regulatory filing with the SEC. South Dakota Investment Council bought 45,860 shares as the company’s stock rose 22.38% with the market. The institutional investor held 446,692 shares of the technology company at the end of 2018Q4, valued at $58.56 million, up from 400,832 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Facebook Inc for a number of months, seems to be bullish on the $557.97B market cap company. The stock increased 1.53% or $2.94 during the last trading session, reaching $195.47. About 14.58 million shares traded. Facebook, Inc. (NASDAQ:FB) has declined 4.87% since May 5, 2018 and is downtrending. It has underperformed by 9.24% the S&P500 [Belcher Gregorio, “South Dakota Investment Council Position in Facebook (FB) Has Raised by $6.01 Million;…” Crypto Coins Tribune, 2019.05.05].
SDIC’s Fiscal Year 2018 annual report shows that, as of June 30, 2018, Facebook was #10 in the state’s investment portfolio. Apple, Microsoft, and Alphabet (Google) are #1, #2, and #3, and the information technology stocks take up the single largest chunk of our portfolio. However, at 18.9% of the state’s investments, our info-tech holdings are still behind the S&P Global 1200+500 benchmark of 21.5%. We invest more heavily in financials, health care, and energy than the benchmark.
What happened to OSarge btw ?
Haven’t seen our buddy
This article made me think of him/her
At least it isn’t bitcoin
Here’s where the $ is, courtesy of Demented Donny’s tax cuts for the rich:
— Apple: $4.5 billion
— AT&T: $2.2 billion
— Bank of America: $2.4 billion
— Verizon: $1.75 billion
— Walmart: $1.6 billion
If the IC had bought into them, then sold when the CEOs did after their scammy stock buyback, the IC would be ahead by $millions too, just like them!
https://short1.link/n846sP
Facebook chose the Daily Caller for fact checking. Could anything go wrong?
https://www.vox.com/2019/5/2/18522758/facebook-fact-checking-partnership-daily-caller
MFI
I saw that SMH
What’s the deal on this if under bid did they not c why???
Not sure, T. Here is what Media Bias has to say about reliability of fact checking site- https://mediabiasfactcheck.com/check-your-fact/
National Review has/had their own fact checking site. That site was more factual than the home page.
Here’s something for the IC to invest in– education!
City Lab ran the stats on the brain drain among and between states from several different angles. The source was a report from the Social Capital Project of the Joint Economic Committee of the U.S. Congress.
If SD doesn’t act in a positive way to enhance education, economy and culture of the state there will be very little left to enhance. It’s ugly.
https://short1.link/xPyw4S