Don’t Mess With Texas – Google, Facebook Hit By New Antitrust Suit, plus Manufactured Home Investing, Stock Updates

DowJones12.16.2020ManufacturedHomeStockUpdatesBroaderMarketSnapshotThere are now several antitrust suits that are at underway or pending with respect to the tech giants. Some are federal, some are state-based.

Regular readers of MHProNews and/or our MHLivingNews sister-site are aware of these developments, because we track and report on it for several reasons. They include, but are not limited to the following.

  • The tech giants influence, and to a serious degree, control over the flow of information.
MargueriteNaderCEOPicEquityLifestylePropertiesLogoELSLogoFrankRolfePicMobileHomeUMHActionNMHOAMHINCCLogoFakeNewsYellowJournalismMobileHomeManufacturedHomeLivingInsightsMHLivingNews
The headline is in part a apt literary device, which readers will rapidly discern. https://www.manufacturedhomelivingnews.com/fake-news-yellow-journalism-powerful-mobile-home-and-manufactured-home-living-insights/
  • The tech giants throttling mainstream news media, due to their dominance over ad revenues.
  • The federal/state action vs. the tech giants may signal similar actions if there is a second term for the Trump Administration.

This news video from Australia makes it clear that the issue of big tech monopolistic behavior is global in interest.

 

Left-of-center CNBC’s take on the new Texas suit, which has been joined by multiple states, will be our featured focus tonight. For new readers, the featured focus follows thought provoking quotable quotes, today’s left-right headline recap, and two of the three market snapshots at the closing bell today. The manufactured housing market summary of publicly traded equities at the close today follow the featured focus and the linked recent/related reports.

Quotes That Shed Light – American Social, Industry, National Issues…

AlFrankenPhotoQuoteAntitrustLawIsnt AboutProtectingCompetingBusinessesEachOtherItsAboutProtectingCompetitionItself OnBehalfOfPublicMHProNews

AntitrustIsImportantMonopoliesMajorThreatOurEconomyNickTomboulidesPhotoUSTermLimitsLogoPlusManufacturedHousingInvestingStockUpdatesMHProNews

ThomasSowellQuoteIfPeopleInMediaCannotDecideWhetherTheyAreInNewsReportingbusinessorManufacturingPropagandaMoreImportantForPublicchoseNewssourcesAccordingly

WeMustRememberThatRegardlessofColororCreedWeAreAllAmericansFirstDonaldJTrumpQuoteFoxNewsLogoMHProNewsLogo

LeftRightMediaBiasChartInfographicManufacturedHomeProNewsSharylAttkisson
Understanding media bias is useful to sifting through possibly hidden agendas.

ScottGallowayPhotoQuoteWhatsDifferentThisEraSeemLostScriptAroundAntitrustTeddyRooseveltRepublicanBreakingYouUpBecauseWeNeedOxygenateEconomyWeveLevelsConcentrationBeforeMHProNews

 

ScottGallowayNYSternQuoteonFANGstockscausingprematuredeathneedtoPruneManufacturedHousingMHPronews
This principle is arguably as aptly applied to Berkshire Hathaway and manufactured housing as it is to big tech.
MakanKelrahimAstAGAntitrustDivDeptofJusticeQuoteOnAntitrustLawManufacturedHomeProNews
The Trump Administration has arguably been advancing more and often larger antitrust actions than others in the 21st century.
DannyGloverQuoteItsNotOnlyAMonopolyOfWealthItsAmonopolyofInformationasWellDailyBusinessNewsMHproNEws
Danny Glover quote from the fascinating video documentary, Shadows of Liberty, you can stream it.

Headlines from left-of-center CNN Business

  • Vaccine mandates
  • Pharmacy Technician Kevin Ros prepares Pfizer's Covid-19 vaccine before it is administered to healthcare workers at Rady Children's Hospital in San Diego, California on December 15, 2020.
  • Major CEOs signal that someday they might require employees to be vaccinated against Covid
  • The Fed keeps rates near zero and acknowledges fragile recovery
  • LIVE UPDATES Jerome Powell: Wear a mask. It’ll help the economy
  • Regulators slam Robinhood for targeting newbie investors with aggressive marketing
  • America’s CEOs have advice for Biden’s long road ahead
  • Why the US government hack is literally keeping security experts awake at night
  • Bad news for holiday shopping: Retail sales dropped in November
  • These restaurant owners don’t know how long they can hang on
  • Texas plans to sue Google for alleged anticompetitive behavior
  • Facebook feuds with Apple over privacy changes that threaten its advertising business
  • Exxon is in crisis. Angry shareholders are rebelling
  • You can reinvent yourself in a pandemic. Really
  • Chaos at the top of China’s biggest chipmaker
  • MacKenzie Scott (formerly Bezos) just donated $4.2 billion
  • ANALYSIS Right-wing media’s attacks on McConnell reveal an ironic feature about the industry
  • This Retirement Startup is a Game Changer
  • See Walmart’s self-driving delivery trucks in action
  • ZeroAvia completes the first hydrogen-powered flight of a commercial aircraft at Cranfield airport in England in September 2020.
  • Bill Gates, Amazon and British Airways are backing a hydrogen plane startup
  • US actor Tom Cruise looks on during the shooting of the movie “Mission Impossible: Lybra” in Venice on October 20, 2020.
  • Cursing aside, Tom Cruise is right: Covid is a big problem for Hollywood
  • MARKETS
  • EQUALITY
  • OPINION
  • Serena Williams: Silicon Valley is wrong about Black women entrepreneurs
  • Gates: Vaccines should reach ‘far corners of the globe’
  • Firms pledge to create 1M jobs for Black Americans
  • Nasdaq: Make your boards more diverse or get out
  • Black women don’t get much startup funding. These founders are trying to change that
  • FOOD + DRINK
  • An empty restaurant stands in Brooklyn on December 09, 2020 in New York City. New York’s governor, Andrew Cuomo, is threatening to close indoor dining as soon as this Monday if hospitalization rates continue to increase in New York City. Currently, there are over 4,800 COVID-19 patients are now hospitalized statewide, which is double the amount reported on November 18 and the highest number of hospitalizations since May 22. Restaurants in New York City, one of the most important business sectors, are already closing at alarming rates due to various health restrictions, a lack of tourism and the disappearance of business clients.
  • New York City shut down indoor dining. Restaurants worry they won’t survive
  • Popeyes adds chocolate beignets to its menu
  • McDonald’s is giving away free food during the holidays
  • Pizza Hut is selling a triple-decker pizza box
  • How Cholula plans to get more Americans hooked on its hot sauce

Headlines from right-of-center Newsmax

  • Mo Brooks to Newsmax: There Will Be Challenges to Certification of Biden Win
  • The Trump Presidency
  • Negotiators Near Agreement on Long-Delayed COVID-19 Aid Bill
  • Pompeo Quarantining After Contact With COVID-Positive Person
  • White House Counsel Warned Trump Not to Fire FBI’s Wray
  • Trump Aide O’Brien Cuts Europe Trip Short to Deal With Cyberhack
  • Erdogan Says US Sanctions an Attack on Turkey’s Rights
  • Trump’s Staff Secretary Lyons to Leave White House This Month
  • Pompeo Praises Exiting AG Barr
  • Progress on COVID Aid Bill
  • Newsfront
  • Texas and 9 Other States Sue Google for Abusing Market Power
  • Texas and 9 Other States Sue Google for Abusing Market Power
  • Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it runs its online advertising business. The Texas lawsuit is the fourth in a series of federal and state lawsuits aimed at…
  • Azar: Millions Will Be Vaccinated By End of the Year
  • Retail Sales Drop 1% in Sign Economic Rebound Stalling
  • S. retail sales fell for a second straight month in November
  • Grenell: Swalwell ‘Tip of Iceberg’ in China Campaign
  • Former Acting Director of National Intelligence Richard Grenell
  • Cardinal Burke: ‘Great Reset’ Wants Marxism in US
  • Cardinal Raymond Burke is warning that the World Economic Forum’s
  • Finance
  • Banks’ Billions in Payouts Hinge on Fed’s Pandemic View
  • As with most things related to 2020, COVID-19 will be a deciding factor as the Federal Reserve considers whether banks are able to increase their dividends or resume share buybacks. [Full Story]
  • Bill Miller Beats S&P 500 for 2nd Year With Uber Bet
  • Ransomware Attacks Surge as Cyber Insurers Scale Back
  • After COVID Shock, Treasury Market Set for New Scrutiny
  • Texas and 9 Other States Sue Google for Abusing Market Power
  • Health
  • Does It Matter Which COVID-19 Vaccine You Take?
  • With the second COVID-19 drug from Moderna on its way to emergency use authorization by the Food and Drug Administration, we may shortly have a choice of two vaccines, including the recently approved…
  • Natural Supplements for 3 Common Conditions
  • Sugary Drinks’ Effect on Hormones Could Spur Weight Gain: Study
  • High Blood Pressure in Middle Age Hurts Memory, Thinking
  • We’ve Got a Vaccine – Here’s What to Do, or Not Do, Next

Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

Yahoo09MarketClosingIndicatorsManufacturedHomeProNews12.16.2020MHProNews

Featured Focus –
Where Business, Politics and Investing Can Meet

DontMessWithTexasGoogleFacebookHitByNewAntitrustSuitPlusManufacturedHomeInvestingStockUpdatesMHProNews

Per left-of-center CNBC, the following.

  • Google is set to face a new antitrust lawsuit from a group of state attorneys general led by Texas, this time targeting its advertising technology services.
  • The announcement follows a separate complaint from the Department of Justice claiming Google has illegally maintained a monopoly in online general search services by cutting off competitors from key distribution channels.
  • The complaint claims Google and Facebook, which it names a “co-conspirator,” harmed competition through an unlawful agreement to rig auctions and fix prices.

The lawsuit follows a separate complaint from the Department of Justice claiming Google has illegally maintained a monopoly in online general search services by cutting off competitors from key distribution channels. Texas, which also joined ten other Republican state attorneys general in the DOJ suit, had led a large multi-state probe into Google’s ad tech business beginning last year,” said CNBC.

They also added that, A third antitrust lawsuit is expected to be filed against Google as soon as Thursday from another coalition of bipartisan state AGs, Politico reported on Tuesday. That suit is also expected to target Google’s search services, but focus on how its changing design has disadvantaged competitors, according to Politico.”

 

Here’s the full complaint:

For the reasons noted and linked above, and also as indicated in the first two reports linked below, this is an ongoing issue of interest to manufactured housing.  Notice: an insider source has tipped MHProNews that an industry-specific antitrust issue could break in the next few days. Stay tuned.

Related, Recent, and Read Hot Reports

DeceptiveTradePracticesRICOAntitrustLawsAffordableHousingManufacturedomeOwnersSmallBusinesses
https://www.manufacturedhomepronews.com/masthead/deceptive-trade-practices-rico-antitrust-affordable-housing-manufactured-home-owners-and-small-businesses/
“Don’tBlameMeIfYouDie”US-AntitrustM+A_SnapshotManufacturedHomeInvestingStockUpdatesMHProNews
https://www.manufacturedhomepronews.com/paths-to-trump-victory-viral-matthew-j-seely-businessman-lawmaker-video-explains-trumps-paths-to-victory-but-does-gop-have-the-stones-not-all-democra/

Complaints to State and Federal Officials, Agencies About Corrupt Practices in Manufactured Housing Industry Growing

CaseAgainstClaytonBigClassActionLawsuitsManufacturedMHLivingNewsProNews
https://www.manufacturedhomelivingnews.com/case-against-clayton-homes-years-of-legal-regulatory-claims/
PathsTrumpVictoryMatthewTinaSeelyEricTrumpPhotoVIdeoExplainsTrumpPathVictoryDoesGOPHaveStonesNotlldemocratsSocialistsAllSocialistsDemocratsSenRubioQuoteMHProNews
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https://www.manufacturedhomepronews.com/china-manchurian-candidates-the-enemies-within-joe-biden-kamala-harris-poised-to-win-electoral-college/
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https://www.manufacturedhomepronews.com/truth-freedom-and-health-dr-shiva-ayyadurai-fix-election-integrity-now-or-we-are-all-fricking-slaves-ali-alexander-national-stopthesteal/
DNIRatcliffItSsJustBeginningItIsOnlyGoingToGetWorsePlusManufacturedHomeInvestingStockUpdatesMHProNews
https://www.manufacturedhomepronews.com/dni-ratcliff-it-is-just-beginning-it-is-only-going-to-get-worse-plus-manufactured-home-investing-stock-updates/
Democratic Party Insiders “Durable Competitive Advantages” – Democratic Backer Warren Buffett, Fellow Billionaires “Castle and Moat,” Political, Economic, and Media Edges
https://www.manufacturedhomepronews.com/masthead/democratic-party-insiders-durable-competitive-advantages-democratic-backer-warren-buffett-fellow-billionaires-castle-and-moat-political-economic-and-media-edg/
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https://www.manufacturedhomepronews.com/dr-li-meng-yan-freddie-gray-george-floyd-revelations-colossal-impacts-of-the-big-lie-crimson-contagion-event-201-blm-communist-china/

Manufactured Housing Industry Investments Connected Closing Equities Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

  • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
  • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
  • NOTE: Deer Valley was largely taken private, say company insiders to MHProNews on 12.15.2020, but there are still some outstanding shares of  the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.

 

ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionRetailFinanceStockInvesting12.16.2020MHProNews

Fall 2020
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

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By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.

LATonyKovach.

 

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