Following yesterday's collapse, one might have expected a bip-buyer's bounce, but thanks to headlines from Bloomberg revealing the FTC is said to be probing Facebook for use of personal data, Facebook shares are tumbling once again in the pre-market...
Bloomberg reports that the U.S. Federal Trade Commission is probing Facebook Inc. over whether it violated terms of a consent decree over its use of personal data, according to a person familiar with the matter.
The investigation involves whether it allowed Cambridge Analytica to receive some user data in violation of its policies, said the person, who asked not be identified because the investigation is confidential.
The initial reaction was further selling with FB -3% in the pre-market...
For context, FB Shares are now testing the spike lows from the February XIV crash...
In a note published on Monday, Macquarie Research analysts detail their worries about how Zuckerberg is going to resolve the Cambridge Analytica issue.
"We think [Facebook] could take more radical actions than it has in the past to limit the use of audience segmenting, ad targeting, data sharing, and other privacy related issues that could lower the monetization of FB data," the analysts said.
"That is our concern for the financials."
Macquarie outlined two additional areas of risk to Facebook and its stock from the ongoing scandal: Political and legal risk for Facebook, and people starting to dislike social media.
Comments
Good. Straight to $0 I hope.
It would be awesome if the FTC gave Zucc the zucc
In reply to Good. Straight to $0 I hope. by NugginFuts
The only acceptable outcome would be the greedy Jew boy Zuck (and his cohorts) being strung up in a tree for spying on 'free' citizens to become wealthy, and for their social engineering schemes.
But i must admit that most people who are foolish enough to continue using FB to brag about themselves don't really care what has been done to them.
In reply to It would be awesome if the… by Buckaroo Banzai
Fuck Farcebook...
In reply to The best outcome would be… by Stu Elsample
I'm guessing they'll come to a consent decree where some 3-letter government entities get direct access to their data so the whole issue will go away.
At least it was easy to dispose of the hula-hoop and pet rock permanently.
In reply to Fuck Farcebook... by SmallerGovNow2
Officials call for aggressive probe???? Why now, it’s a little late?
We are a reactive people/society. With all the professionals, funded agencies, congressional overwatch (state/fed), media with talking heads, those in touch/speaking for god and all the other know it all’s, we continually fail, look the other way, don’t really give a shit until something happens then it is some OMG moment and the talk of the town or internet, it’s despicable. Just musing
In reply to I'm guessing they'll come to… by Joe Davola
But Zuck the Theive'n Jew is gonna be our next prez. I read it. He even went to an oil drilling site n wore work clothes.
In reply to Officials call for… by two hoots
so he put on a older t-shirt for effect?
In reply to But Zuck the Theive'n Jew is… by SethPoor
You nailed it http://www.minotdailynews.com/news/local-news/2017/07/facebook-founder-and-ceo-mark-zuckerberg-visits-the-bakken/
In reply to so he put on a older t-shirt… by two hoots
His 'stupid fucks' comment some years ago sorta underscores your last sentence.
In reply to The best outcome would be… by Stu Elsample
The Europeans will fine the shit out of them. It's like free money for them to waste. Juncker has probably ordered a truckload of the finest brandy to celebrate (which only he will be allowed to consume. More face slapping).
In reply to It would be awesome if the… by Buckaroo Banzai
While goose stepping around his palace. How many JU-88’s I ask you?
In reply to The Europeans will fine the… by SoDamnMad
He's shlonged! Shlonged, I tell 'ya!!
In reply to It would be awesome if the… by Buckaroo Banzai
Zuckerjoo is about to find out how smart he was not. He will sell when he is told to.
In reply to It would be awesome if the… by Buckaroo Banzai
Zuck being awfully quiet. He knows a peak behind the curtain will have some incredibly nasty revelations that he never thought would come to light as the master of the universe.
Look for the NSA and CIA to intervene on his behalf.
In reply to It would be awesome if the… by Buckaroo Banzai
Buckaroo, FTC is feckless. Only citizens can shut down there goobook monopolies. Every citizen needs to immediately download brave browser or similar adblocking browser.
Brave blocks advertising malware and tracking by DEFAULT on any device and operating system rendering digital advertising model useless.
It is simple that even grandma can use it.
Whoever controls the browser controls the money.
What is the value of advertising if an ad can't be sent, viewed or tracked?
Also if you are selling my data and I'm the product then why not give me a percentage of the revenue?
If you are going to censor, track and still my data without compensating me, then each day I will try to destroy your business model one person at a time.
We the citizens can take down the goobook by installing brave.
The FTC won't do anything.
Cheers,
Pigpen
In reply to It would be awesome if the… by Buckaroo Banzai
It'll be great when decentralized blockchain backed platforms that pay users for every piece of content based on the value of it take over these add/surveillance models. Steemit for example.
In reply to Good. Straight to $0 I hope. by NugginFuts
Probing personal data.... Like identifying conservatives and then censuring them, Fakebook...?
In reply to It'll be great when… by freedogger
Hope it goes to ZERO, and starts the big collapse to reset the World.
The Night is dark, and full of terror.
In reply to Good. Straight to $0 I hope. by NugginFuts
Faceplant
My response: Two Points to Share
1. Place all of the SOCIAL MEDIA companies (Internet Fringe Operators like Google, FB, etc.) under control of FTC (It's happening now as evidenced by this article!)
2. INTERNET BILL OF RIGHTS!!!
Both actions above will address concerns with both CITIZEN INFORMATION PRIVACY and CENSORSHIP.
Both have to happen ASAP this year!
LET JUSTICE TAKE ITS DUE COURSE AS PRESCRIBED BY US LEGAL CODES.
Going forward, WE THE PEOPLE need to VOTE OUT OF OFFICE every single DEMOCRAT and RINO in the upcoming 2018 midterm elections.
Choose wisely America for the days are filled with EVIL.
In reply to Faceplant by DillyDilly
so they violated their own policies? well just change the fucking policies. do i have to think of everything?
Damn Why didn't I think of that. Your sooooo smart.
In reply to so they violated their own… by buzzsaw99
I will drink a bottle of thunderbird bum wine and take a piss on facebook's grave.
eat shit zuckers...
Let the antitrust games begin.
It's on bitchez!
suckerburrrrg unloaded a buttload of stock too.
maybe next they'll go after mzzz lean in...have to wonder if she offed her husband. recovery too quick.
Nothing would please me more than to watch them seize his Hawaiian Island paradise he bought selling every bit of info about us he could get his hands on to the Govt. or the highest bidder! That said, anyone on FB over the age of 20 is a moron and those under 20 will quickly learn the errors of their ways when they find out future employers won’t employ them for their racially charged drunken rants (anything really can be taken out of context) they posted in their youth!
meh, bar owners don't care if the bartenders they hire are racist
In reply to Nothing would please me more… by Cash Is King
Is the little twit still running for President?
The moonbats are out in force.
Your mom sent you that dumb survey “what kind of sandwich are you?” “Find out which US President you are” survey. They mined the data and looked at the other stuff you liked.
And the moonbats that think they took this information to get you to vote Trump. Every marketing analytics department on the planet is doing this stuff. It’s what Facebook is. If true and effective, it makes FB even more valuable.
If Facebook collapses ... so does Trump's stock market!
@Winning
@Biggly
@Dickhead
@USisapieceofshit
How is it Trumps stock market?
In reply to If Facebook collapses ... so… by Pliskin
priced in oil? not so good, actually. dollar value goes down, wha -la! market goes up!
In reply to How is it Trumps stock… by MadHatt
It’s Obama’s market and has been since the spring of 2009 with the suspension of FASB 157.
Mark to market to make believe. Unicorns everywhere.
In reply to How is it Trumps stock… by MadHatt
Zuck-Oprah 2040!
Data mining just like the NSA and CIA and FBI and IRS and....
I hope the JOO gets fked good.
I have a facebook account, but I list myself as a transgender, black Muslim from Wisconsin. I'm sure the Hillary campaign loved using my data and hence decided not to campaign in Wisconsin.
I don't think the stockholders sense the magnitude of the coming shitstorm.
In any case, the stock is held by retards so who cares.
Feelbad for some not so bright in our circle. all they hold is mortgages fang and shitload of worthless mutual funds. Not bad people, just soo fucking stupid. the funny part, they give advice to each other. every dinner is a fucking satire.
Well, at least Zuck won't be stuck holding the bag. Didn't he just sell a shit load of stock a week or two ago? Funny how these guys always are able to time the market and sell just before a huge downdraft in share price. Insider trading anyone?
In reply to I don't think the… by DEMIZEN
Now that it is known that Facebook provided millions of dollars in free support to TeamObama and failed to report it, it is time for Zuck to go to jail....
So the FTC is investigating the CIA. Don't think for a minute the lords of database will ever, EVER, let any sort of slow down in data collection begin without a massive fight.
#qanon
Oh it's on.
In reply to So the FTC is investigating… by Last of the Mi…
Funny how upset they get when they found that CA/Bannon+Mercer using their own weapon gored their own ox, and don't pay for it. When the deep state + DNC is using FB data to gore Trump... well that's just fine.
Maxine Waters Confirms Obama Has ‘Database’ with ‘Information on Every Individual’
http://www.breitbart.com/tech/2018/03/19/flashback-maxine-waters-confir…
Maxine Waters: ‘Obama Has Put In Place’ Secret Database With ‘Everything On Everyone’
https://www.liveleak.com/view?i=49a_1360284775
“Obama Has Put In Place” Secret Database With “Everything On Everyone” (Video)
http://www.thegatewaypundit.com/2018/01/flashback-maxine-waters-obama-p…
In reply to Funny how upset they get… by otschelnik
Blast from the past, 2016
FINANCED BY RYAN, McCONNELL AND BOEHNER
......... OBAMA AND HILARY'S CONTROL AGENDA .............
There are 8 levels of control that must be obtained before you
are able to create a Socialist State. The first is the most important.
1) Healthcare
– Control healthcare and you control the people
- Obamacare premiums and deductibles more than double (4x).
2) Poverty
– Increase the Poverty level as high as possible
- poor people are easier to control and will not fight back if you
are providing everything for them to live.
- 92 Million out of work WSJ 2016
3) Debt
–Increase the debt to an unsustainable level.
- Increase taxes, to produce more poverty.
- Obama leaves us $21 Trillion in debt.
4) Gun Control
Problem, Action, Solution
– Eliminate self-defense from Criminals or Fascist Government.
- Import and Release Tens of Thousands of Violent Criminals and Terrorists
- Create a Police State response to “Crime Wave” & Terrorist Threat
- SSRI fueled mass shootings where authorities were warned
- Hilary plans to do it via Judicial Fiat, “Australian Style Gun Roundup”
5) Welfare
– Take control of every aspect of daily life (Food, Housing, and Income)
- 2017 Food stamps 43MM and other programs almost double under Obama.
6) Education
– Take control of what people Read, See and Hear
- 6 Company Media Oligopoly controls 90% of all Media
– Control what children learn in school. Communist Core
- Obama transfers Internet to UN Control Oct 1, 2016 WSJ
- Google, Amazon, Wiki, and Facebook control search results and promote their point of view
7) Religion
– Remove the belief in God from the Government and Schools.
- Military, Scouts and Schools systematically De-Christianized
- Free Speech eliminated in Christian Churches by LBJ
8) Class Warfare
- Destroy the Middle Class (NAFTA, WTO, TPP, Immigration, H1B, Paris Accord)
– Divide the people into the wealthy and the poor.
- Economic Misery will make it easier to take control of all Private Assets.
- Destroy the family and any or all organizations other than govt run, govt sponsored or govt approved. Who controls the govt?
FACEBOOK CAN SHIFT 600,000 VOTES ON ELECTION DAY
FACEBOOK = $20B, FACEBOOK, News
+ Controls perception of current events
+ 1.65 billion monthly active users
+ Supports more H1B Visas and Immigration
+ Controlling Interest Mark Zuckerberg
+ Facebook co-founder Dustin Moskovitz $35MM to DNC
+ Facebook supports Censorship in Compliance with CHICOM standards
2016
FACEBOOK CAN SHIFT 600,000 VOTES TO HILARY ON ELECTION DAY
“Well, we know now that Facebook has the power to shift about 600,000 votes to Hillary Clinton on Election Day with no one knowing this is occurring,” he says.
“All they have to do is send out ‘Go out and vote’ reminders to Hillary Clinton’s supporters, but not to Trump’s supporters. That would cause a lot of people to vote who would otherwise stay home.”
Source: American Mirror November 1, 2016, By Kyle Olson
http://www.theamericanmirror.com/google-power-control-elections-sway-10-million-undecided-voters-hillary/#more-20901
http://www.breitbart.com/big-journalism/2016/12/16/facebook-fact-checker-politifact-funded-by-clinton-foundation-donor/
http://www.infowars.com/facebook-announces-chinese-style-censorship-in-us/
http://www.infowars.com/facebook-created-a-censorship-tool-for-china/
http://www.infowars.com/incredible-facebook-announces-chinese-style-net-censorship/
http://www.infowars.com/facebook-to-begin-communist-chinese-style-censorship/
http://www.infowars.com/facebook-brings-chinese-style-censorship-to-usa/
http://www.infowars.com/censorship-summit-facebook-meets-with-chinas-propaganda-chief/
http://www.breitbart.com/tech/2016/03/21/mark-zuckerberg-meets-with-chinas-propaganda-czar/
http://dailycaller.com/2016/12/16/snopes-facebooks-new-fact-checker-employs-leftists-almost-exclusively/
http://thehill.com/blogs/pundits-blog/media/310849-who-will-check-facebooks-fact-checkers
http://www.forbes.com/sites/xiangwang/2016/11/24/doing-business-the-chinese-way-facebook-develops-a-censorship-tool/#5ea507092caf
Someone posted this on that yesterday:
https://www.youtube.com/watch?v=e2usmlq7oFE
https://www.fbcoverup.com/docs/cyberhijack/cyber-hijack-findings.pdf
Pagination