NVIDIA's Earnings Miss Sparks Concern Among Investors

Trump's "Liberation Day" Creates Major Uncertainty for Big Tech, Analyst Dan Ives Says

In a surprise move, President Donald Trump signed an executive order on Friday, aimed at promoting transparency and accountability in social media, sending shockwaves through the tech industry. The move has left many wondering about the implications for big tech companies like Facebook, Twitter, and Google.

According to Dan Ives, an analyst at Wedbush Securities, the order creates major uncertainty for these companies. "This is a 'Liberation Day' for the social media platforms, but it's also a 'Liberation Day' from their comfort zone," Ives said. "The uncertainty is palpable, and we expect a lot of volatility in the coming days and weeks."

The executive order, which targets Section 230 of the Communications Decency Act, requires social media platforms to act in good faith to address the spread of misinformation and to be more transparent about their content moderation practices. Ives believes that this move could lead to a significant shift in the way these companies operate.

"The order is a clarion call for these companies to be more proactive in addressing the spread of misinformation and to be more transparent about their content moderation practices," Ives said. "We expect to see a lot of changes in the coming months, including potentially more fact-checking and content moderation."

Ives also believes that the order could lead to increased competition in the social media space. "This could be a major catalyst for new entrants to come into the space and offer alternative platforms that are more transparent and accountable," he said.

The move has sent shares of big tech companies tumbling, with Facebook's stock falling by over 5% and Twitter's stock falling by over 3%. Google's stock also fell by over 2%.

Ives believes that the uncertainty surrounding the order could continue for some time. "We expect a lot of back-and-forth between the administration and the social media platforms, and we could see a lot of regulatory changes in the coming months," he said. "This is a major inflection point for the tech industry, and we will be closely monitoring the situation in the coming days and weeks."