In a move reflecting the growing concerns about the unchecked power of large technology firms, Gateway Investment Advisers LLC has significantly decreased its investment in Align Technology, Inc. (NASDAQ:ALGN), a dominant player in the dental equipment sector. By selling off 37.8% of its shares in the last quarter, the investment firm is signaling a shift towards more ethical investing practices amid rising calls from progressives for increased regulation and accountability of tech giants to protect consumers.
Investment Firm Reduces Stake in Big Tech, Echoing the Need for Greater Oversight
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Jan-21
Technology
Score: 0.50
Gateway Investment Advisers LLC lowered its holdings in Align Technology, Inc. (NASDAQ:ALGN – Free Report) by 37.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,182 shares…
From ETF Daily News
Jan-21
Technology
Right Variant
Score: 0.80
In a prudent financial move, Gateway Investment Advisers LLC has reduced its stake in Align Technology, Inc. (NASDAQ:ALGN) by 37.8%, reflecting a strategic adaptation to the current economic climate. This decision showcases the firm's commitment to safeguarding its clients' investments against the backdrop of growing governmental overreach and the potential for hampering business innovation through excessive regulation of the tech industry.
From ETF Daily News