Posted on 03/20/2018 5:03:11 PM PDT by bananaman22
Facebook shares are still dropping after its worst one-day decline since 2012 yesterday, as data breaches affecting over 50 million uses makes things political and the social media giant loses some $50 billion.
On Monday, Facebook shares fell almost 7 percent on news that the U.S. Federal Trade Commission (FTC) is investigating it over personal data breaches.
The market-wide sell-off continued on Tuesday, even as the Dow gained points, when more details emerged on the investigation, sparked by a whistleblower who told regulators that more than 50 million Facebook users had their data hijacked by a political consultancy hired by Donald Trump.
In other words, Facebook users helped sway public opinion in the 2016 elections without their consentand the social media giant is now irrevocably entangled in the ongoing American political chaos.
(Excerpt) Read more at safehaven.com ...
What caliber?
Facebook colludes with Trump.
How did he dodge a bullet in this? The European Union is ramping up its investigation, the tie to Trump is tenuous, everyone admits they freely shared with Clinton, and they allowed their 3rd party developers unfettered access to data they were under agreement with the FTC to protect. Sounds like this is just getting started. Doubt he can outrun the bullet.
He still owns a lot so if he dodged one bullet he caught the rest of the belt.
Sounds like a great buying opportunity.
Well, I didnt dodge a bullet. Everything I go to on the internet today is rife with demands that I join Facebook
I never have and never will My kids included, BTW. they were NOT allowed to join - had one computer in main room, they had no iPhone. All was allowed at age 17 they joined and were turned off immediately. Creeped out
In other words, Facebook users helped sway public opinion in the 2016 elections without their consentand the social media giant is now irrevocably entangled in the ongoing American political chaos.
People know putting data on facebook makes it available to data mining by political users.
Facebook will probably go the way of Myspace. Kids are into Instagram and Snapchat.
Zuckerberg needs to read the story about Martha Stewart.
18 USC 1001
You sound like just one terribly mean parent. /s/
Yes there is pressure out there to join FB. I will never join.
None.
Why does the link say oilprice.com but when you click it, it goes to safehaven.com?
“Whistleblower?” Does that refer to the pink haired homosexual who talked to the British left Guardian news site people? He claimed it was part of a Trump campaign conspiracy.
Maybe Zuckerberg will get some justice for it.
I like the joke of the old rich guy living on skid row, a bum recognizes him and says you had millions how did you go broke, the guy said, well real slow and then all of a sudden.
so far this year, he’s sold more than 5 million shares, not sure how many he sold right before the news hit
I’ve always gotten a kick out of the riches-to-rags explanation of “fast women and slow horses.”
Sold over a period of time per his announced sales plan like he has times before.
Another example was in 2012 when he sold several times that number just before the stock fell from 55 to 175.
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