Baupost’s Seth Klarman Warned Investors About Potential Facebook ‘Overreach’

The eclectic investor told investors in his year-end letter what he would do if the high-flying internet stocks started to tumble.

Seth Klarman, Baupost Group (photo credit: Daniel Acker/Bloomberg)

Investors and the public are turning up the heat on Facebook in the wake of reports that voter-profiling company Cambridge Analytica harvested the private information of 50 million Facebook users without their permission.

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