Just trimmed ~25% of my GOOGL stake at $1031.06, locking in ~40% gains in a ROTH (no tax consequences). I was very overweight GOOGL and after the trade it falls from my 3rd largest position to my 4th. Still bullish long-term, but concerned about privacy related headwinds.
Yeah - I'm concerned about regulation and their possible effect on cash flows. Personally, I'm not too worried about them selling my data (nothing to hide here). However, advertisers rely on massive data sets and if these are restricted, by either regulators or users who are concerned leaving these platforms, I think we'll see significantly lowered estimates moving forward. With that being said, I'm still VERY long GOOGL, just too many growth opportunities outside of digital ads to ignore (I'm really excited about Waymo's potential in the very large autonomy market).
Selling FB and GOOGL, you really have some reservations about privacy huh?