The Moelis & Co. founder says the current market volatility from tense U.S.-China relations is impacting large-cap stocks.
Breaking up the social network won't lead to better data protection, said former Facebook executive Chris Kelly.
Futures are pointing to a rebound at the Friday Wall Street open ahead of the long holiday weekend, but not nearly enough to make up for the week's losses.
"That does not mean you have to sell your long positions," says billionaire Thomas Peterffy, suggesting investors hedge their stock holdings.
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.
Futures are pointing to a lower Wall Street open, with China ramping up its rhetoric in the ongoing trade dispute with the U.S.
Investors are writing off Lowe's new CEO Marvin Ellison, "but he's been there for five minutes," says CNBC's Jim Cramer.
Palmer Luckey, founder of Oculus and a former Facebook employee, admits he was fired from the social networking giant a few years ago, saying it was for "no reason at all."
Wall Street broke a two-day losing streak with some strong Tuesday gains, but futures were pointing to a modestly lower open.
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.