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And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

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We hear a lot about, you know, will Facebook be regulated? And if so, how much will that affect their bottom line here to weigh in on that and

other Washington policy matters is Isaac Bultanski director of policy

research for Compass Point. Isaac thank you so much for joining us. I want to really start with

Facebook because this is what's dragging down futures ahead of the New York Open. How realistic

do you think it is that the folks in DC will actually make some kind of move on Facebook in the near term?

I think my city is going to talk about it a fair amount, I don't believe that's going to lead to actual action.

You know, Congress has a way of moving from headline or crisis to headline or crisis and there was some focus on social media's impact on the

electoral process at the end of last year on Capitol Hill but as Congress

often does it simply moved on. So we should expect

sporadic hearings and some pointed commentary and key lawmakers but as for

actual legislative action it's unlikely in the air

all right so Isaac you're taking off legislative action with respect to the fact that

50 million people's information was exposed to an analytics company that helped

President Trump get elected and their information was disclosed through the Facebook

platform.

Take us behind the scenes.

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