Mark Zuckerberg may be broke in 28 days

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Mark Zuckerberg may be broke in 28 days

Post by Doc » Wed Mar 21, 2018 5:33 pm

https://www.forbes.com/sites/maddieberg ... 2a23e07fff

Plunging Stocks Push Net Worths Of Larry Ellison And Mark Zuckerberg Down Several Billion Each


http://www.breitbart.com/big-government ... ell-alone/

Nolte: Mark Zuckerberg’s Fatal Error — Not Leaving Everyone the Hell Alone
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MENLO PARK, CA - APRIL 04: Facebook CEO Mark Zuckerberg speaks during an event at Facebook headquarters on April 4, 2013 in Menlo Park, California. Zuckerberg announced a new product for Android called Facebook Home. (Photo by Justin Sullivan/Getty Images)
Justin Sullivan/Getty

by John Nolte21 Mar 20185,165
Make no mistake, Mark Zuckerberg and Facebook are in trouble — not just here in America, but all over the world. The Tech Tyrant has only himself to blame. Had he just left us alone, he would not be so alone or widely viewed as a monopoly with all the inherent risks in that. He would also not be a national pariah.

When you are in charge of something, be it a Girl Scout troop or one of the most powerful tech companies in the world, the only way to stay out of trouble is with simple and clear rules applied equally. By not doing this, Zuckerberg has wrapped himself ’round his own axle.

Even a billion or so Facebook users are unhappy with him. They feel trapped on a platform that offends them. Much of this resentment comes from feeling swindled. After herding us all into his monopolistic public square, Zuckerberg changed the rules.

On both the micro and macro levels, as Facebook arbitrarily singles out conservatives for suppression, censorship, and purges (not to mention left-wing “fact checks”), all while leftists doing the same remain mostly unmolested. There is no question that this is a digital public square lousy with double standards that we all witness on an almost daily basis

Facebook’s entire problem is right there on its page of Kafka-esque “community standards.” What I mean by Kafka-esque is the opaqueness of rules that can be interpreted in so many different ways — which means there really are no rules, which means 1) you don’t know what the boundaries are, so 2) you are intimidated into not expressing yourself fully, and 3) you can be suspended or purged by Facebook without ever knowing why.

Facebook’s rules against “hate speech” are a perfect example, basically a license to purge whoever for whatever:

Facebook removes hate speech, which includes content that directly attacks people based on their:

Race,
Ethnicity,
National origin,
Religious affiliation,
Sexual orientation,
Sex, gender, or gender identity, or
Serious disabilities or diseases.

Obviously, Zuckerberg created these rules as a means to appease the braying left, especially those in the elitist media. But what he failed to understand is that in doing so, no one is happy.

The right is disgusted because Facebook’s corporate censors are manipulating these rules to suppress, silence, and purge us.

Alternately, the easily triggered left, who interpret mere words and ideas as violence and racism, are disgusted because Facebook is not keeping its promise to enforce its “community standards,” which in their twisted minds means purging anyone to the right of Don Lemon.

The world would look much different for Zuckerberg today had he kept his authoritarian impulses under control and governed Facebook in the same way Ma Bell and the U.S. Postal System were governed 35 years ago when those were our primary means of communication.

For example, threats of violence, criminal conspiracies, and committing actual crimes (child pornography, etc.) were all illegal via phone and mail. Those guidelines not only made sense; they were easy for users to follow due to crystal clear boundaries.

So, yes — and this is the key point — there were “community standards” governing the phone and mail. But those rules were not arbitrarily created by the same monolithic entity in charge of one of our primary means of communication. Rather, those laws were created by the lawmakers who represent us.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by Doc » Wed Mar 21, 2018 5:40 pm

Then there is the Facebook user class action lawsuit for fraud. IE if the users always own the content then what right does Facebook have to sell or give it away?

“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by cassowary » Fri Mar 23, 2018 6:36 am

I hope Facebook does not go broke. I own stocks in the company.

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Re: Mark Zuckerberg may be broke in 28 days

Post by Doc » Fri Mar 23, 2018 11:01 am

cassowary wrote:
Fri Mar 23, 2018 6:36 am
I hope Facebook does not go broke. I own stocks in the company.
I am not a stock analyst so this is not advice But Facebook's entire business model is based on people giving it personal data in exchange to use its platform, then selling that data to advertisers who then use it to tailor personal ads. Cambridge Analytics is not a one. Facebook staff WORKED DIRECTLY WITH THE DATA in question after it was supposedly to be deleted.
http://abcnews.go.com/GMA/Consumer/face ... d=11912201

Mark Zuckerberg demonstrated right from the start that he has no respect for user's privacy. He started Facebook byscraping his university's student database to get email addresses of students to add them to Facebook. IE Obtained email addresses for his fellow students without their permission or the permission of Harvard. And got into trouble for it.
https://www.quora.com/How-did-Mark-Zuck ... ence-halls
http://www.nbcnews.com/id/34825225/ns/t ... t-over-it/

His response to this scandal is being panned in the US as a "Nothing to see here response" He is also in trouble with the government as in 2011 Zuckerberg made a deal with the FTC to give users easier means to "opt out" of sharing their personal data but then ignored the agreement.
https://www.ftc.gov/news-events/press-r ... iling-keep

The way I see it Zuckerberg is being very disingenuous in his "Apology" when there is a clear record of user data being used not just by Cambridge but 10's of thousands of others. Zuckerberg has gotten people to sign Facebook's very intrusive Terms of service by catering to the idea that Facebook is in it for the Socialist god "Greater Good" So the left is willing to over look anything in the TOS as long as Facebook is perceived as doing things for the "Greater Good" Even a hint that Facebook committed the heresy of helping Donald Trump get elected makes it too hard for the left to over look .

The "left" Facebook targets and the reason they are targeted is mostly they are young with underdeveloped pre-frontal brain cortexs. People most easily influenced by psychological marketing. Their goal is to do it on an individual basis. Which means Facebook cannot change it business model of demanding access to users privacy and continue to to promise its customers, IE its advertisers, the ability to get in to the heads of it users in order to sell them products by making them seem "cool", or "useful" *at the moment* when the targeted person is mostly likely to buy.

Zuckerberg needs a magic bullet to get out of this mess of his own creation to make people go back to sleep. I personally, aside from what I have seen, over the years, don't think he is up to it. This is not to say that anything outside of the FTC thing that Facebook did anything illegal as users signed away their right to privacy when they signed up for Facebook. The question here is "Are Facebook users and potential users going to continue to trust Facebook with their personal information?" That personal information is the only real assets that Facebook has. And this is true to a larger or lessor degree of all social media companies. They get to live rent free inside the heads of their users. As such, they share quite a bit in common with parasitical brain worms.

If I owned Facebook stock, which of course I never would do, I would vote for a change of CEO. Of course given that Zuckerberg wanted to have his control of Facebook and his Initial offering profits as well. So common shares of Facebook stock are DILUTED VOTING SHARES worth 10% in voting rights as Zuckerberg's shares . As such common stock shareholders are more like lenders than owners, with no promises of a given return on that loan.
https://www.economist.com/news/business ... cebook-and

Zuckerberg is being called upon to testify before congress. In that potential shark tank is where he will have to demonstrate whether or not he has any magic bullets. If he refuses to testify then I don't see a positive future for Facebook in my crystal ball.

But you can bet that Zuckerberg will use his army of psychologists to sell his users, at the most opportune moment, on the Idea that FaceBook believes in the "Common Good"
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by Doc » Fri Mar 23, 2018 2:53 pm

Elon Musk decides to stop letting Facebook live in his head rent free.


http://www.bbc.co.uk/news/technology-43 ... um=twitter
Elon Musk pulls brands from Facebook

23 March 2018

Entrepreneur Elon Musk has had the official Facebook pages for his Tesla and SpaceX companies deleted.

The #deletefacebook movement has grown after data firm Cambridge Analytica was accused of obtaining the personal information of about 50 million users.

Mr Musk had poked fun at speaker brand Sonos after it said it would suspend advertising on Facebook for one week.

His followers challenged him to have his own companies' pages deleted, which he did within minutes.

Mr Musk said he "didn't realise" that his SpaceX brand had a Facebook page. "Literally never seen it even once," he wrote on Twitter. "Will be gone soon."

Another follower pointed out that his battery firm Tesla also had a profile on the social network.

"Looks lame," he replied. Both profiles disappeared within minutes of his posts.

The pages had more than 2.5 million followers each before they were deactivated.

In 2016, Facebook used SpaceX to launch a new communications satellite valued at more than $200m (£150m).

However, the rocket exploded on the launch pad and destroyed the satellite.

After a reporter tweeted that "@elonmusk blew up Mark Zuckerberg's satellite", Mr Must replied: "Yeah, my fault for being an idiot. We did give them a free launch to make up for it and I think they had some insurance."

He said he would continue to use Facebook-owned Instagram for the time being, but lamented "FB influence is slowly creeping in".
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by Doc » Sun Mar 25, 2018 7:10 pm

Image
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by Doc » Mon Mar 26, 2018 11:02 am

https://news.vice.com/en_us/article/evq ... ys-general
Mark Zuckerberg has pissed off a whole bunch of state attorneys general
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By Taylor Dolven Mar 26, 2018
The Federal Trade Commission confirmed Monday that they are investigating Facebook privacy practices. In 2011 the FTC and Facebook agreed to a legally binding consent decree preventing the company from sharing their user data outside of a user’s specific privacy without consent. If the FTC finds Facebook violated that agreement, the FTC can penalize Facebook up to $16,000 for each violation of the order.
Potential liability into the 10's of trillions of dollars.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by Doc » Mon Mar 26, 2018 11:37 am

“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Re: Mark Zuckerberg may be broke in 28 days

Post by cassowary » Thu Mar 29, 2018 5:40 am

O dear. My poor stock.

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Re: Mark Zuckerberg may be broke in 28 days

Post by SteveFoerster » Fri Mar 30, 2018 10:22 am

Doc wrote:
Mon Mar 26, 2018 11:37 am
Perhaps the lawyer from Facebook is arrogant, and perhaps not, but either way one cannot know it from a clip in which he does not even speak.
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