we begin with more on twitter and the latest security concerns. as you ve been hearing, the company s former head of security alleges the social media giant has hidden negligent security practices, misled federal regulators about its safety, and failed to properly estimate the number of bots on its platform. twitter has denied the allegations saying they contain many inaccuracies and inconsistencies, but the revelations could have huge consequences for twitter, including possible fines and the potential unravelling of elon musk s bid to buy the company. joseph menn, from the washington post, was one of the reporters who broke the story. he explained what motivated peiter zatco to file this whistleblower complaint. peiter zatco is an unusual person, one of the most famous actors in america and has pioneered and co ordinated disclosure where security researchers find flaws in programmes and work with the vendors to establish fixes for the problems before going public. he led cy
heading for the exit but what it does show is the importance of investing for the long term and out the waves. of investing for the long-term and out the waves. absolutely, it is that good and out the waves. absolutely, it is that good old-fashioned i it is that good old fashioned advice, don t panic, don t sell when we are in these current times but as you say, just stay cool and don t withdraw your money. but there are those that are making huge amounts of money, this new phenomenon are called meme stocks and all these kind of antics going on. your thoughts on that? this is something your thoughts on that? this is something of your thoughts on that? this is something of what your thoughts on that? this is something of what can - your thoughts on that? this is j something of what can happen your thoughts on that? this is i something of what can happen in a market when you ve got what is called a momentum trade, a number of retail buyers effectively clubbing together to push the
when you have multiple pliers coming out saying the demand is not there, they re cutting numbers. people come back to apple and say they need to cut numbers, which we don t know, we ve seen a lot of analysts cut numbers for apple. but this is the detective work in figuring it out. exactly. the other thing with apple too is this is a stock that really hung in there in the late innings of the tech momentum trade that started to go down. it was the high flyers, bank stocks that went down first. we re talking about facebook, apple, amazon, netflix, google, alphabet now, google s parent company. exactly. apple had been exuded from the equation but now they re in there with the music business, air pod and things like that expected to have higher margins. they hung in there and their multiple went up and expanded because it had done too much for too long. once that multiple expanded, you