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Zuckerberg Dodges A Bullet As Facebook Loses Billions
Safehaven.Com ^ | 03-20-2018 | David Craggen

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 consent—and the social media giant is now irrevocably entangled in the ongoing American political chaos.

(Excerpt) Read more at safehaven.com ...


TOPICS: Business/Economy
KEYWORDS: facebook; socialmedia; tech; zuckerberg
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1 posted on 03/20/2018 5:03:11 PM PDT by bananaman22
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To: bananaman22

What caliber?


2 posted on 03/20/2018 5:07:27 PM PDT by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill.)
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To: bananaman22

Facebook colludes with Trump.


3 posted on 03/20/2018 5:08:19 PM PDT by fruser1
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To: bananaman22

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.


4 posted on 03/20/2018 5:11:18 PM PDT by Reno89519 (Americans Are Dreamers, Too! No to Amnesty, Yes to Catch-and-Deport, and Yes to E-Verify.)
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To: bananaman22
how many million shares did the boy sell two days ago?
5 posted on 03/20/2018 5:13:57 PM PDT by Chode (You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
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To: bananaman22

He still owns a lot so if he dodged one bullet he caught the rest of the belt.


6 posted on 03/20/2018 5:17:20 PM PDT by KarlInOhio (I will not be pushed, filed, stamped, indexed, briefed, debriefed, or numbered. My life is my own.)
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To: bananaman22

Sounds like a great buying opportunity.


7 posted on 03/20/2018 5:21:40 PM PDT by OrangeHoof (Donald Trump: Doing the work American politicians just won't do.)
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To: bananaman22

Well, I didn’t 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


8 posted on 03/20/2018 5:21:52 PM PDT by stanne
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To: bananaman22

In other words, Facebook users helped sway public opinion in the 2016 elections without their consent—and the social media giant is now irrevocably entangled in the ongoing American political chaos.


What B.S. Facebook sells data to everyone. The “data breech” was completely legal and consented to.

People know putting data on facebook makes it available to data mining by political users.


9 posted on 03/20/2018 5:23:43 PM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: OrangeHoof

Facebook will probably go the way of Myspace. Kids are into Instagram and Snapchat.


10 posted on 03/20/2018 5:34:22 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Reno89519

Zuckerberg needs to read the story about Martha Stewart.

18 USC 1001


11 posted on 03/20/2018 5:34:23 PM PDT by ptsal ( Get your facts first, then you can distort them as you please. - M. Twain)
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To: stanne

You sound like just one terribly mean parent. /s/

Yes there is pressure out there to join FB. I will never join.


12 posted on 03/20/2018 5:37:30 PM PDT by redfreedom
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To: Chode

None.


13 posted on 03/20/2018 6:08:19 PM PDT by TexasGator (Z)
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To: bananaman22
If this keeps up, Zuckerbot might throw an exception.


14 posted on 03/20/2018 6:09:17 PM PDT by Dr.Deth
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To: bananaman22

Why does the link say oilprice.com but when you click it, it goes to safehaven.com?


15 posted on 03/20/2018 6:17:40 PM PDT by upchuck (Keep a sharp lookout. The best is yet to come.)
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To: bananaman22

“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.


16 posted on 03/20/2018 6:33:36 PM PDT by familyop ("Welcome to Costco. I love you." --Costco greeter in the movie, "Idiocracy")
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To: KarlInOhio

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.


17 posted on 03/20/2018 6:35:56 PM PDT by Jolla
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To: TexasGator

so far this year, he’s sold more than 5 million shares, not sure how many he sold right before the news hit


18 posted on 03/20/2018 7:47:48 PM PDT by Chode (You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
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To: Jolla

I’ve always gotten a kick out of the riches-to-rags explanation of “fast women and slow horses.”


19 posted on 03/20/2018 7:56:52 PM PDT by irishjuggler
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To: Chode

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.


20 posted on 03/20/2018 8:28:00 PM PDT by TexasGator (Z)
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