Happy Hour News
This is why Congress should not be allowed to own individual stocks:
At today’s hearing with Facebook whistleblower Frances Haugen, Sen. John Hickenlooper chose not to ask the witness about the substance of her revelations or policy recommendations, but how it all could affect the company’s profits.
“What impact on Facebook’s bottom line would it have if the algorithm was changed to promote safety and to save the lives of young women rather than putting them at risk?,” said Hickenlooper.
After Haugen answered that Facebook could still be profitable while doing more to protect women, the senator went on to speculate that perhaps the company could be more profitable if fewer people believed it was bad for their mental health. After this line of questioning, which never veered from a focus on Facebook’s bottom line, Hickenlooper yielded the floor.
So… how much of Facebook stock does Hickelooper own?
According to a review of his financial disclosures, Hickenlooper currently owns Facebook stock worth $250,001 to $500,000, a fact first noted by congressional information services Legistorm. The senator previously indicated in his candidate filing that his Facebook shares were worth between $100,001 and $250,000 as of May 2020.
So between $250K Ameros and $500K Ameros, and it sounds like it has only increased (potentially doubled) since his disclosure forms. Anyone think that this might cloud his judgement?