Jeff Gundlach, the billionaire investor, isn't buying Mark Zuckerberg's apology tour. Gundlach, known as the king of the bond market, urged investors to bet against Facebook (FB) stock because of the risk that the company's user data crisis will trigger a government crackdown. For instance, he noted that Zuckerberg told CNN's Laurie Segall last month: "I'm really sorry that this happened." And Zuckerberg told Congress: "It was my mistake and I'm sorry." Gundlach urged investors to pair the short Facebook trade with a bullish bet on oil drilling companies.

Source: CNN April 23, 2018 20:03 UTC