Gina joined Breakingviews in 2016 from the Financial Times, where she was the enforcement and regulatory correspondent in Washington, most recently focused on white-collar crime and cyber security. Before that, Gina was the corporate reporter for Quartz and spent seven years at the Wall Street Journal in New York, Baghdad and Detroit, covering M&A, war and cars. She also has written a book about the Khmer Rouge, trained journalists in Iraq and written from her native Seoul.
The financial industry has been treated with kid gloves under Republican rule. That will change if Democrats win the upper house. With Sherrod Brown as banking czar, the Senate could take a tough line on trading rules and mergers. Bank breakups may even be back on the agenda.
The summer’s ad boycott made no dent on revenue, which grew 22% in the third quarter, and didn’t deter the social network’s users. Facebook’s apps now reach 41% of the global population. Expansion on that front is bound to slow down. Revenue per user will get more important.
Facebook, Twitter and Google hide behind a law that protects them from liability for toxic content but lets them censor when they see fit. Removing that shield, as some lawmakers want to do, would be inconvenient and expensive for them, but brutal for smaller rivals like Yelp.