Facebook, JPMorgan Chase, Netflix: the stocks that defined the week
Donald Trump wants to return to social networks. The former president sued Alphabet Inc.’s Twitter, Facebook Inc. and Google on Wednesday to restore his accounts. He remains suspended from most social media platforms in the wake of the Jan.6 riot at the United States Capitol led by a mob of his supporters. Mr Trump was the most high-profile plaintiff seeking class-action status against companies, saying he was wrongly censored by them in violation of his First Amendment rights. Twitter shares lost 2.1% on Wednesday.
JPMorgan Chase & Co.
Homework splits on Wall Street. Some banking titans like JPMorgan and Goldman Sachs Group Inc. take a hard-line approach, even though it can lead to the loss of talent. JPMorgan investment banking staff had been asked to return to the office on Tuesday, while sales, commerce and research staff were due to return full-time in June. Many of the bank’s sales and negotiating staff have already been in the office for much of the past year. Meanwhile, Citigroup Inc. and other rivals are touting flexibility, betting that a softer approach will help them poach the top performers. JPMorgan shares fell 1.7% on Tuesday.