On May 5, 2020 , the Nasdaq 100 Futures fell by 0.8% and eventually leveled off at 0.4% after reports came out that Donald Trump is preparing an executive order that will threaten IT businesses, including Facebook, Twitter, and Google. According to reports, the Trump EO will command a review of a controversial law that spares tech companies from liabilities brought about by comments, videos and posts of multimedia users in their web platforms. The existing law, known as Section 230 , allows tech companies to police their own ranks without fear of lawsuits. Making the tech companies (like Facebook) liable for content posted by billions of users will have a tremendous effect in the way current business is being practiced. Simple speculation that Section 230 will be repealed was enough to make investors panic and withdraw their money. Vicious social media posts, comments, and other contents heavily targeted Trump through the years. However, he also relies on s...
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