Eminence’s Ricky Sandler Says He Likes Facebook Despite Data Concerns
- Analytics ‘vastly under-monetized,’ hedge fund manager says
- Ricky Sandler interviewed on Bloomberg Television from Milken
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Ricky Sandler, founder of $7 billion hedge fund Eminence Capital, says he likes Facebook Inc. because its data analytics is “vastly under-monetized.”
“You can get superior growth down the market,” he said of the social-media platform that has come under fire recently for data-privacy concerns. Sandler, chief executive officer of Eminence, made the comments in an interview with Bloomberg Television on Tuesday at the Milken Institute Global Conference in Beverly Hills, California.