Facebook should drop Libra and buy Square, says Jim Cramer

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결론: 구글·아마존·페이스북 모두 규제 리스크가 있으나, 페이스북은 리브라를 접고 스퀘어를 인수하는 것이 최선이라는 주장. 구글: 검색과 유튜브를 통한 독점적 영향력으로 반독점 우려가 크다. 주가는 텍스트 기준 이익의 21배로 비교적 저렴하다고 봤다. 중국 연관성 주장에 대해서는 근거가 빈약하다고 봤다. 외부 고문을 두고 자기 점검을 해야 한다고 조언했다. 아마존: 소규모 소매업자를 압박해 왔고 연방 의회에 영향력이 있다. 그럼에도 미국 내에서는 가장 양호한 상태라고 평가했다. 유럽 당국 조사가 있지만 독일과의 합의가 긍정적이라고 봤다. 새 규정은 비교적 부담이 적을 것으로 예상했다. 페이스북: 연방거래위원회와의 50억 달러 합의 이후에도 인수에 소극적이었다. 재무부가 리브라 계획에 반대하고 있어 자충수라고 평가했다. 인스타그램 사업은 호조라고 봤다. 리브라를 접고 스퀘어를 약 700억 달러에 인수하라고 제안했다. 스퀘어가 비트코인을 취급하므로 암호화폐 사업도 유지할 수 있다고 봤다. 전체: 연방 정부의 표적이 되면 기업에 비용이 든다고 봤다. 표현의 자유 문제를 일으키는 구글은 실적 타격과 분할 리스크를 질 수 있다. 상거래에 영향을 준 아마존은 소액 벌금 수준일 것으로 봤다. 선거가 다가오면서 규제 압박이 커질 것이라는 전망을 내놨다.

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※ AI가 다듬은 글(오탈자·군말 정리)

01. *(본 원문은 영어 자막입니다)*

02. first there's alphabet okay that's apparent Google I think they have real earnings risk here in many ways alphabet reminds me of Microsoft before it lost the biggie trust case nearly 20 years ago there's no escape from Google it determines what you read first and often what you buy first not to mention what you see first on YouTube a lot of first amendment stuff in there what that's congressional purview one of the reasons I've been such a fan of the stock is it has an almost monopoly power that's earned probably its own ingenuity deservedly problem with that unless I can find a way to placate the government someone's always gonna try to be breaking them up the good news stocks sorted pretty darn cheap selling for 21 times textures earnings the bad news while Peter Till's call for a McCarthy style investigation the company's ties to China seems very off-base there's a reason he's going after these guys look I personally love everything about Google but there's no denying its incredible power and it does have the ability as the critics would say to be coercive so I think there's real earnings risk here the company needs to find a way to to self-examine and not buy cheap AI but buy expensive humans they have the money I know they don't want to slow down the innovation they're great innovators but they they lack a powerful well known outside counsel who can tell them what's right or wrong I couldn't believe there was some no-name alphabet guy on the hill answering questions about Chinese communist infiltration can they be that tone-deaf they need some heavy hitters out there to get them out of this jam

03. next up there's Amazon these guys have Big Brother and Alexa they've wiped out small businesses all over the country they have the power to steer their own goods but Amazon also has friends they've got distribution centers all over the country which gives them influence with Congress their platform is beloved by just about everyone who uses it plus CEO Jeff Bezos owns the Washington Post hey that's what we did ensure you get publicity although he has not influenced the editorial line like that so if you're worried about corporate concentration that's bad enough self bit of riff like even though Amazon spent years crushing smaller retailers I think this one's in the best shape at least here in the United States the company's being investigated by the EU but it's been a brilliant settlement with the German authorities nobody's talking about to change its terms of business or a piece of grass some sellers aggrieved sellers yeah the kind of people that are on Shopify like I talked about at the top of the show now I think these changes will immunize the company most though Amazon knows how to play the game we asked me that least

04. there's Facebook man they sure didn't buy much did they with that five billion dollar settlement with the FTC it's out of the frying pan into the fire with these guys the Treasury Department is not thrilled with Facebook's plan to launch its own cryptocurrency me bruh talk about a self-inflicted wound get it things simply bring in some unassailable outside counsel the real credibility couldn't they find some sort of distinguished federal judge who's retired somewhere I mean then maybe the government could would allow them to self-regulate again so I'm not that worried about Facebook why in part it's because their Instagram business is on fire as is my Instagram account which is on fire but mainly I'm not worried because I have a plan for them Facebook watches the show so listen up Facebook I understand I like the Libra concept but you got to drop it it's clearly doing more harm than good instead just take some of your money you went into payments just go buy Square seventy billion that's a hundred percent premium nobody turns down a hundred percent premium then they can blow out Square's payments networks worldwide Square cash is gonna be Facebook cash plus don't forget Square takes Bitcoin so they can still get their cryptocurrency fixed

05. look I'm not being a grievor but being in the crosshairs of the federal government is going to cost these companies money the bottom line you impact free speech like Alphabet does you're going to take an earnest hit and maybe even some breakup risk as we get to the election you impact commerce like Amazon you're going to have at least a smaller nice it may be a fine but I expect the new rules to be relatively painless like the ones they agreed to in Germany and if you're Facebook come on guys drop Libra or go buy Square bring in a distinguished former judge to help play the fence maybe that's enough oh and for those European regulators just like our afternoon show I say check please believe me that's how things work judge cnbc.com you