Facebook COO Sandberg Meets With Chinese Regulators and 2 Other Hot Stocks to Watch
Facebook Inc. (NASDAQ:FB): Current price $44.33
On Tuesday, Facebook’s Chief Operating Officer Sheryl Sandberg met with the government regulator that oversees restrictions on the Internet in China, where access to the firm’s social networking website is blocked.
Sandberg spoke with the chief of the State Council Information OfficeCai Mingzhao and discussed matters such as the “important role” Facebook plays in assisting Chinese businesses expand overseas and “cooperation,” said a statement posted to the agency’s website Wednesday, which did not describe what sort of cooperation was discussed. Presently, China censors the web by blocking sites having pornography, gambling, and content that might be critical of the ruling Communist Party.