Posted on 01/15/2021 10:54:22 AM PST by JV3MRC
There’s a high price to pay for banning President Donald Trump from social media platforms, and both Twitter and Facebook are feeling the massive bite out of their wallets for doing just that.
Both Twitter and Facebook “have collectively seen $51.2 billion erased from their market caps over the last two trading sessions as investors balk at their banning of President Trump,” according to Markets Insider. Facebook took the lion’s share of the losses, bleeding through a whopping “$47.6 billion following CEO Mark Zuckerberg's announcement that Trump would remain suspended from the social media platform ‘indefinitely,’ until at least after President-elect Joe Biden's inauguration,” Just the News reported. Both platforms did this following the Capitol Hill riot Jan. 6.
Both of these companies should learn that being woke doesn’t pay dividends. As Just the News noted, “investors balked at the tech giants' surprise censorship of Trump roughly two weeks before his term was set to end.”
(Excerpt) Read more at newsbusters.org ...
Drop in the bucket for both especially F/B with billion plus users.
Chump change my friends. Do you think they would have done anything different?
I believe Howard Hughes was sued because of a TWA management issue and lost his tool company as a result.
Lawyers should start circling.
Just saw where Facebook is worth more than half a trillion (600,000,000,000+?). So Facebook may be yawning at 51 billion loss.
Corrections, insights welcome.
Attention Idiots Who Still Use Facebook! You will be permanently examined and censored for your free speech. Get off Facebook now and put their oligarch would-be masters outta business! YOU give them their power and only YOU can reduce them to toothless wannabe dictators.
$51 Billion is still in 2021 a lot of money, this is just the beginning.
A good start. Not even close to being finished.
twitsh!t is off a little more so far today, but f’ckbook has recovered much of what it lost this week.
Yesterday the stories were 51 billion,
Today it’s 51,200,000,000,
Tomorrow it will be .05 trillion!
They’re book burners.
I think this is just the beginning. These people think they are indispensable. That the deplorables can’t live without them. They may find out a lot of people did fine before they burst on the scene and can do just fine without them going forward. How many pictures of half eaten steaks
and cat videos does one need to see to feel fulfilled?
Facebook and Twitters combined value is over $750 billion. They can afford to take the heat for a while...
- MySpace -
I think like members of Congress they’re worried. Like many here I dropped FOX and haven’t watch one minute of it (even clips linked here on FR). The past couple of weeks I have joined Parler, GAB, USA.LIFE, MeWe. This past summer I dropped Verizon because of it’s 100% negative stories of President Trump.
Within a hour of joining USA.Life I had a Facebook employee “friend me” and wanted me to complete a survey for them, my answer was a swift unfriend. They’re worried and should be.
So much for the fiduciary responsibility to shareholders.
“0.05 trillion”
— wow, that’s HUGE. So much bigger than $50 billion.
Not enough yet. I’m working on deleting all my accounts. I only have FB left. That’s gonna be a tough one. It’s how I keep in contact with my family and friends in the lower 48.
I’m not an idiot. See my post 18. It’s not that easy for some of us.
They are sitting in their boardrooms, and all nodding in unison “well worth it.”
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