Former Facebook executive says Google, Facebook are 'surveillance states' and risk more regulation

Even though he was once an executive at Facebook, Chamath Palihapitiya, CEO of Social Capital Hedosophia Holdings, favors investing in Amazon instead, he told CNBC's "Fast Money: Halftime Report" on Thursday. President Donald Trump has been a critic of Amazon, tweeting his disdain for coverage from The Washington Post, which is a personal holding of Amazon CEO Jeff Bezos. But Palihapitiya said he thinks that Facebook and Google face more regulatory risk, given the many retailers that compete with Amazon.
Read more: https://www.cnbc.com/2017/09/14/chamath-palihapitiya-on-fang-stocks-amazon-winning-facebook-risk.html?source=Snapzu