Here's why Jim Cramer isn't giving up on some of the components of FANG just yet.
TheStreet's Martin Baccardax reported on the most recent Facebook drama.
Shares of the social media platform extended declines Thursday following the release of documents to British lawmakers that suggest the social media group had offered to sell data on users' friends to select companies as late 2015 and denied other competitors access to key platform information.
The documents, which were based on high-level emails between company executives and published Wednesday by Damian Collins, a U.K. lawmaker who chairs Parliament's Culture, Media and Sports Committee, suggest Facebook used user data as a way to both grow its business and restrict rivals from stealing a march on its market dominance. Last month, Collins seized the documents from Six4Three, an app developer that is suing Facebook, after CEO Mark Zuckerberg declined to appear before his Committee's investigation into alleged Russian meddling in foreign elections. In one instance, the documents suggest, Facebook denied 'Friends' List' access to Vine, the video-sharing service, on the same day it was launched on Twitter Inc. (TWTR - Get Report) micro-blogging platform.
TheStreet contributor Richard Suttmeier wrote that investors interested in participating in the Santa Claus rally should be buying Amazon.
"I consider Amazon the "United States of Amazon," as you can buy products and services for almost all aspects of life. The stock closed Tuesday at $1,668.40, below its 200-day simple moving average at $1,700.00 and above my semiannual pivot at $1,546.97. This is my buy zone for a "Santa Claus Rally," wrote Suttmeier.
"One issue that Amazon faces in 2019 is a higher delivery fee from the United States Postal Service. If you live near an Amazon Fulfilment Center, odds are that the gifts you purchase are delivered to your door via USPS," he continued. "If Amazon is forced to pay more, it will likely cost an additional $1.50 per parcel."