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Facebook (FB) could finally have access to the more than 700 million internet users in China, and that’s Yahoo Finance’s call of the week. Access to China’s rapidly growing internet population could greatly boost Facebook’s business.
Despite Facebook's recent announcement it will provide Congress with the Russian ads shown during election season, Senator Mark Warner is writing a bill that would require social media companies to disclose who pays for political ads. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Pras Subramanian discuss if there is any way Facebook could convince lawmakers to allow self-regulation.
Reuters is reporting Sprint (S) and T-Mobile (TMUS) are close to reaching a deal. According to sources who spoke with Reuters, T-Mobile majority owner Deutsche Telekom will own a majority stake. Finish Line (FINL) shares are rebounding in mid-day trading after the stock initially tumbled following disappointing sales and weak guidance.