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Regulators will launch a ‘full-fledged assault’ against Facebook and Twitter, tech investor Paul Meeks predicts

Investor Paul Meeks won’t invest in social media stocks right now, he told CNBC on Monday.

Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, predicted regulators will target the group this year — with Facebook and Twitter bearing the brunt.

“The interesting thing about this full-fledged assault on the social media companies, particularly the major platforms, is that it’s a bipartisan concern,” the por