The Tell: If this British billionaire has it right, ‘sinister’ Facebook is about to get crushed

Billionaire investor Jim Mellon, the Burnbrae Group chairman who bristles at being described as the British Warren BuffettBRK.A, +1.34% shared his Buffett-esque aversion to two major technology stocks in a recent interview on CNBC.

Specifically, Google GOOG, +3.13% and Facebook FB, +4.14% are “fatted calves… ripe for the plucking by governments everywhere,” he said, adding that they will be “pillaged” by administrations around the world.

Mellon explained that they are facing “enormous” fines that will probably be “bigger than those being levied on the banks in the last decade or so.”

Facebook investors, he pointed out, are especially vulnerable at this point.

>>> Original Source <<<