The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose more than $100 billion in market value.They say Mark Zuckerberg is poised to lose nearly 17 billion dollars in personal net worth pretty much overnight, as Facebook struggled with a pretty bad P&L quarterly statement. I guess this is what happens when can't find your own ass with both hands as it comes to manipulating the ultra-political nature of the country in 2018.
I've said it before, and I will say it again. Not everything in our everyday lives has to have something to do with politics. There still should be safe places to go with your time, where you are not hit with propaganda, rhetoric, fake news, or some ridiculous display of "protest" over whatever it is that people are upset about today.
Facebook used to be just a place where people posted pictures and updates of relevant things going in their lives. You knew your neighbors were vacationing at Disney World, you could expect to see pictures. If you were curious about how your niece's softball game went, well there was a pretty good chance you could see the score, some pictures, and highlights on your Facebook feed.
But today, everything is tied into politics. Once it became clear that Facebook was engineering their advertising feeds to push certain things, while drowning out other things, it wallowed into the area of politics that eventually defeats the entire purpose of the app. Obviously Zuckerberg was not happy with making billions of dollars. He decided to use his forum to push the political message he thought people should see and in doing so he has apparently pissed off nearly everyone in the process. Now he is wallowing in the consequences.
Bottom line: once you enter the realm of believing you can decide for other people what they should and shouldn't see (and what is and isn't fake news) - your going to lose audience. There simply isn't any way around it anymore. The only way to avoid political consequence is to actually avoid going political. But alas, in 2018, it seems everybody believes everyone else needs to know their views.
11 comments:
Think Zuckenberg can still pay his electric bill.
Agree. I removed the app a couple months ago.
Speaker Paul D. Ryan told reporters the Justice Department needs to comply with congressional requests for documents. But he said the response from Deputy Attorney General Rod J. Rosenstein does not rise to the level of “high crimes and misdemeanors” that would warrant impeachment.
Ryan’s comments came hours after 11 House Republicans introduced a resolution to impeach Rosenstein. The Justice Department has said it is cooperating with Congress.
Republican leaders averted a divisive vote on the resolution in the near term as the House breaks for its August recess. Time off to find out that they will see a lot fewer people who will be wearing Make America Great Depression hats.
"SEC May Want To Take A Look": Facebook Insiders Dumped $4.1 Billion Weeks Ahead Of Record Crash
https://www.zerohedge.com/news/2018-07-26/sec-may-want-take-look-facebook-insiders-dumped-41-billion-stock-scandal
Yeah, that sounds an awful lot like insider trading.
Roger the Random ((( so dumb))
Never understood the whole impeachment thing with Rosenstein. Impeachment is usually reserved for federal judges, the president or some other official protected by sovereign immunity.
Unlike federal judges Rosenstien can be fired from office.
And unlike federal judges or the president Rosenstien can be subject to criminal and civil litigation.
Therefore impeachment is unnecessary. Ryan is saying that Rosenstien must comply with congressional supeonas or be charged with criminal contempt.
The First#tweetpeachment?
For years, President Trump has used Twitter as his go-to public relations weapon, mounting a barrage of attacks on celebrities and then political rivals even after advisers warned he could be creating legal problems for himself.
Those concerns now turn out to be well founded. The special counsel, Robert S. Mueller III, is scrutinizing tweets and negative statements from the president about Attorney General Jeff Sessions and the former F.B.I. director James B. Comey, according to three people briefed on the matter.
Several of the remarks came as Mr. Trump was also privately pressuring the men — both key witnesses in the inquiry — about the investigation, and Mr. Mueller is examining whether the actions add up to attempts to obstruct the investigation by both intimidating witnesses and pressuring senior law enforcement officials to tamp down the inquiry.
Mr. Mueller wants to question the president about the tweets. His interest in them is the latest addition to a range of presidential actions he is investigating as a possible obstruction case: private interactions with Mr. Comey, Mr. Sessions and other senior administration officials about the Russia inquiry; misleading White House statements; public attacks; and possible pardon offers to potential witnesses.
None of what Mr. Mueller has homed in on constitutes obstruction, Mr. Trump’s lawyers said. They argued that most of the presidential acts under scrutiny, including the firing of Mr. Comey, fall under Mr. Trump’s authority as the head of the executive branch and insisted that he should not even have to answer Mr. Mueller’s questions about obstruction.
But privately, some of the lawyers have expressed concern that Mr. Mueller will stitch together several episodes, encounters and pieces of evidence, like the tweets, to build a case that the president embarked on a broad effort to interfere with the investigation. Prosecutors who lack one slam-dunk piece of evidence in obstruction cases often search for a larger pattern of behavior, legal experts said.
The world is changing and tweets may end up saving the country from George Orwell's 1984 /2018.
In Trump's world only he knows what is happening. Don't trust the media because they will not tell what is happening, but he does.
It's become an Orwellian world that people are investigated on their public statements in 140 characters. That the liberals actually support this just goes to show you how far into facisim they have sunk.
As long as the target is Trump any violation of civil liberties will be tolerated. Soon it will be as long as the target is conservative any civil right violations will be applauded.
This is where the left in the country is going.
Best be on guard and have your gun at your side.
Well Rog...
If Mueller is foolish enough to try to "make up a crime" with twitter obstruction... what do you suppose that will get him?
He isn't going to indict a sitting President.
Certainly it won't convince House or Senate Republicans to impeach him.
They will (along with most of the country and with good reason) laugh it off as the joke it would be.
Mueller's job is to find out about the Russians, the election, and the made up collusion charges... If he provides zero evidence of any criminal activity by Trump or any collusion... then there was never any justice to "obstruct".
Facebook was never "just a place where people posed pictures and updates of relevant things going on in their lives", even though that was their marketing pitch. Its users always included people with strong political opinions, and many of them were posting those opinions on Facebook a full decade ago. I've never been a user, but I heard complaints about the toxic political arguments (and blocking and unfriending this led to) a full decade ago.
Facebook users (largely) didn't have prior experience in the online world of political blogging and commentary, or if they did, they were used to sites where only like-minded people posted (think RedState or DailyKos). They had to learn on Facebook what troglodytes and trolls truly are.
Facebook has always been a business, and as a business its primary goal is to return value to its investors. It has always taken the default position that whatever a user posts becomes Facebook's property to do with (i.e. sell) as it pleases. Only in reaction to widespread complaints (or to court rulings in Europe) have they modified these policies.
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