Gundlach says buy oil producers, bet against Facebook: conference

NEW YORK (Reuters) – Billionaire investor Jeffrey Gundlach said investors should consider betting against Facebook Inc (NASDAQ:), saying the prospect of regulation still hangs over the social media company’s stock.

Speaking at the Sohn Investment Conference in New York, the closely-watched DoubleLine Capital LP chief executive officer recommended a trade of shorting, or betting against, Facebook while betting on gains in an exchange-traded fund that tracks oil and gas explorers and producers who could benefit from rising inflation.

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