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Thursday, December 06, 2018

Facebook Took A Nosedive!


The embattled Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg may be ousted from their positions because of the scandals. Just sit back. Investors and stockholders aren't taking bullshit as an answer.

Facebook has lost $9.5 billion as the markets opened today.

The company nets $400 billion in assets.

The documents showed Facebook "aggressively" pursued competitors, used its platform to cripple rivals and leverage developers for advertising money. This set up conflicts with regulators and politicians across the globe.

The Daily Mail reports that stock investment firm Stiefel had downgraded Facebook's shares ahead of the markets opening in New York, saying the company has made "too many adversaries" for its business to thrive.

Facebook has become a lightening rod for thousands of things. The most notable is the allowing of "fake news" and influence peddling in the 2016 U.S. Presidential Election. The Russian Federation found a loophole to Facebook. They created accounts that targeted individuals based on political heat.

They wanted to dredge up controversies to harm Hillary Clinton, the reasonable choice for president.

The harm helped the unstable Donald J. Trump become the President of the United States.

Then came Cambridge Analytica. They used 90 million users information to assess people's preferences and come up with ways to advocate them to vote for Trump and the Brexit movement.

Facebook continues to make people unhappy, stressed and vindictive. They still allow people to make phony accounts. They have bigots and extremists online. They want to play fair when it comes to advocacy journalism but allow individuals destroy innocent people's careers by folks like James O'Keefe, Lauren Southern, Pam Geller, Joey Salads, Tomi Lahren, Gavin McInnes and Laura Loomer. These folks are still on Facebook despite their history with white extremism and hate.

Facebook has 1.6 billion users online. It is still a juggernaut in the social media wars.

However, I like most Americans are not on it as much. I mean I can't even get over 50 people to like pictures of my son. However, a person who post a video of a cute child saying "Hi" can get 2.5 million views.
Facebook seen its stock tumble.
It selectively picks and choose which postings get my attention. I added hundreds of people and yet hardly see most of their pictures or anything they've posted.

So it's mostly a waste of time for me to even be on it.

I get jealous of people anyways. Why should I be jealous of people?

I am not.

Many should understand the plight of Facebook and how it's impact has made social networking easier. It's a part of the innovations of the 21st Century. It was hard work and pure genius for four college nerds to create a massive social media organization.

They still lag behind in things like diversity in hiring. Facebook still has trouble hiring people of color to high positions.

They advocate hate and division of friends online. Matter of fact, who are your "friends."

Your boss, your co-workers, your ex-lovers, a celebrity you've never met, a lawmaker you've never met and the online troll aren't your friends. Your true friends will often support your postings.

I say this with no regrets.

I'm taking an indefinite break from Facebook crowd. It's too much drama and I don't want to be in it!

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