FIXTURESNo upcoming fixtures — check back soon.
FORUM / MIKES GRIPES /  FACEBOOK DEATH SPIRAL=> FB Loses Over $120 Billion Market Value – BIGGEST ONE-DAY LOSS IN HISTORY

FACEBOOK DEATH SPIRAL=> FB Loses Over $120 Billion Market Value – BIGGEST ONE-DAY LOSS IN HISTORY

Started by Beeno117 REPLIES1,128 VIEWS· 26 Jul 2018, 22:30
SHAREXFACEBOOKWHATSAPPTELEGRAMREDDITLINKEDIN
BE
Beeno1Captain40,032 posts
26 Jul 2018, 22:30
#1
26 Jul 2018, 22:30#1

One hopes all this censoring of conservative views by Twitter, Facebook and Google wont be used as an excuse by poor rooitwit, dense denise and old crust fan for their abysmal ignorance. There are many great news sites attempting to be real journalists.

Zuckerberg had a long session in Congress to explain himself. twitter is now under the cosh. These globalist institutions wont tolerate any other view other than ones they old. Twitter has been found to have censored President Trump's account!!! Trump has said this will all be investigated, Sell your shares in these companies if you have any oaks!


It turns out spying on your users, forcing crappy left-wing propaganda into people’s timelines and eliminating 93% of conservative content isn’t a winning strategy for a ‘social media’ company.

The Drudge Report ran a searing headline Thursday scorching Zuckerberg, “HOW LOW WILL IT GO?

According to the the Daily Mail, shareholders are plotting to fire Mark Zuckerberg as Chairman of Facebook.

CNBC reported:

Facebook was on track Thursday to post the largest one-day loss in market value by any company in U.S. stock-market history after releasing a disastrous quarterly report.

With less than an hour to go in trading, the social media giant’s market capitalization had plummeted by about $120 billion to about $508 billion as its stock price fell by more than 19 percent. At Wednesday’s close, Facebook’s market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.

In 2017 Harvard and Columbia Journalism Review found that The Gateway Pundit was the 4th most influential conservative news source in the 2016 election.

Because of this we were targeted and have seen our numbers related to Facebook and Twitter decline dramatically.

In every single Facebook category our numbers are down. In page visits our numbers were skyrocketing before the election. Then in three distinct periods our numbers were cut off.

This is a criminal act. Facebook took our money for advertising and promised a fair playing field. Facebook lied to us and every conservative group in America.

Today despite the fact that we have 635,000 Gateway Pundit Facebook fans. We receive almost nothing from Facebook.

Facebook and Zuckerberg are finally paying for their scandals and dishonesty.

sharkbok
sharkbokCaptain23,224 posts
27 Jul 2018, 01:09
#2
27 Jul 2018, 01:09#2
Everything is a conspiracy with you BaboonOu. 
Zuckerburg stuffed up big time and is now paying the price. Word on the street is that the stock markets want him to resign. He owns most of the companies shares as director of the board, and he is the CEO as well- which is highly irregular. 
He is actually anti-Trump- but Facebook leaked some personally identifiable information that through their own doing. The intention was to sell advertising cookies that are anonymous aggregated data. It was a technical screw-up, that allowed the advertising company to gain personally identifiable data instead. It seems it may even have helped Russie assist Trump to power. 
He is also selling many of his shares- before the stock market became aware of the massive losses in revenue for the next quarter. Facebook does not force news stories into people's feed- only adverts. The non-paid content is decided by the user.
MO
MozartCaptain49,914 posts
27 Jul 2018, 01:20
#3
27 Jul 2018, 01:20#3
Bought an Amazon option spread just before the bell.....a casualty of the Facebook plunge, but quite uncorrelated. Presented a nice buying opportunity and with a strong earnings report lifting the stock in after market trading, I plan to cash in tomorrow. Facebook itself presented a nice trade earlier this year when it was hammered on the confidentiality issue....a quick in and out.
BE
Beeno1Captain40,032 posts
27 Jul 2018, 08:58
#4
27 Jul 2018, 08:58#4

Shatkbok you ignorant twit, its all over the news how these tech giants are censoring conservative voices. Man you are so ll informed its laughable! Didnt you watch the congressional hearings featuring Diamond and Silk. Sure i posted some of that stuff. Wake up you dope.

What a disgusting avatar!

BL
bluebokPro3,977 posts
27 Jul 2018, 09:08
#5
27 Jul 2018, 09:08#5

Beans, why are you insulting SB? The content on Facebook IS generated by the users not Facebook itself. I have said some pretty offensive things on Facebook over the years and never once been stifled. I think you are just too defensive. Not everyone is out to get Trump.  


Mozter, would it not be wise to invest in Facebook now, after the share has taken a big knock? After all, people may be pissed off with the latest scandal, but surely the average human is too much of a simpleton to actually leave Facebook ? 

CE
CeradynePro9,374 posts
27 Jul 2018, 09:55
#6
27 Jul 2018, 09:55#6
@Bluebok. Unfortunately it is not as simple as saying that. “The content on Facebook IS generated by the users not Facebook itself.....” It has everything to do with how they used their algorithms and screening and all the other BS to manipulate what appears and does not appear on FB. They may not have sanction the quarrels that you were involved in but they were definitely involved in some very serious other shyte.
BL
bluebokPro3,977 posts
27 Jul 2018, 11:24
#7
27 Jul 2018, 11:24#7

Cera, I am no tech fundi, so I'll take your word on it. But from a neutral point of view, I can't help but draw the links between how Trump is pointing at everyone and everything that says anything even vaguely negative about him as some big evil conspiracy, and how the Gupta/Zuma ANC did exactly the same thing when the pressure on Zuma started to mount. 

CE
CeradynePro9,374 posts
27 Jul 2018, 12:11
#8
27 Jul 2018, 12:11#8
@BB. Actually, the allegations about the media and their animosity is there for anybody to see. I will give you a perfect example if you would bare with me. Trump was in the UK recently and there was a press conference afterwards. Now, I have to elaborate a bit. The BBC news editor or chief political correspondent or whatever is Laura Kuensberg who is forever targetting the govt and Brexit. During Theresa May’s visit to the US and her meeting with Trump, there was also a press conference. The minute they opened the conference for questions she jumped up and tried to belittle May on, among others, the appointment of Boris Johnson, etc. Back to the recent conference following the meeting between Trump and May in the UK she did exactly the same but she also pushed May on how she felt about Trump criticising her over her Brexit proposals. Remember that May also criticised Trimp on various issues and yet they still have a great working relationship. At this point Trump asked if he could rather answer the question first and went on to school Kuensberg in international relations and in effect supported May, before he let May finish the answer. I watched the entire conference, not just snippets, on YouTube during the day. That evening, on the BBC news bulletin they mentioned the meeting and the conference. I said to my wife that I had to see what they were going to make of that and guess what? They showed Kuensberg’s high and mighty performance and then May’s response. Nothing about Trump’s intervention.
sharkbok
sharkbokCaptain23,224 posts
27 Jul 2018, 13:32
#9
27 Jul 2018, 13:32#9
@Ceradyne- Facebooks algorithms are organic- the optimise based on each users interests. The more you like a post or engage with it, the more often it is going to show.  It is personalisation to what the user wants. 
In this way it is different to Google search. Google search aggregates and provides the best average or democratic experience. Facebook is more personalised to what you like.
Let's say you read stories about Satanism on Facebook. Guess what Facebook will show these more prominently in your newsfeed. This is because you showed more interest than other posts, not because Facebook is trying to convert you. 

CE
CeradynePro9,374 posts
27 Jul 2018, 13:55
#10
27 Jul 2018, 13:55#10

@SB and Bluebok, That is exactly what Mark Zuckerberg wants the world too believe and that was the story that he was punting through the US Congressional hearing as well as when he appeared in front of the EU. That, however is not what the hearings was about and no matter how he kept on spinning back to that narrative, he never answerred the issue of FB determining what goes and what not. I have watched those hearings, the US one in any case. I did not  pay much about the EU one because they EU were trying to mimic the US one and they were not prepared well enough.

Watch this video by Jimmy Dore. Now, in case you do not know, Dore is a stand-up commedian turned political commentator. While the idea that he is a standup may immediately create the impression that he is an empty head who knows farkall, it pays to listen carefully what he is saying. His political views, by the way, is not conservative. He is, by his own admission, a diehard progressive but his shows are very objective. He comes down eqqually hard on liberals, left wingers, conservatives, right wingers, etc, etc, etc in his shows.

This is the video that I was refering to:

Facebook Says Holocaust Denial Is OK With Them

MO
MozartCaptain49,914 posts
27 Jul 2018, 14:13
#11
27 Jul 2018, 14:13#11
Bloo even at it's current valuation Facebook carries a high valuation....a price earnings ratio of 35. That means even at the reduced price there are big growth expectations built into the stock. Now in addition to missing their targets FB also lowered their future growth expectations....interpreting this move is the key. Some think they will beat the lowered targets, many think growth is really topping out. It's not something anybody outside the top exec circle have a clue of figuring out....so in my books it's not investible. Contrast that with the dip 3 months ago which was based on data sharing....I was happy to bet that the data issue wasn't going to affect business and did so. I sold my position after a nice recovery. What happened then was the stock continued to rise.....I missed that rise, but I wasn't bothered because my investing thesis was a short term price aberration based on the data scandal. I wasn't a long term investor in this instance....and then the latest crisis hit and my selling price was way above today's price. You have to stick to your logic. Right now may be a buying opportunity, but it may also be an inflection point.
sharkbok
sharkbokCaptain23,224 posts
27 Jul 2018, 15:53
#12
27 Jul 2018, 15:53#12

The success of Facebook is determined by the Facebook Pixel, just like the success of Google is determined by Google Analytics. These are both tracking script/cookies.

This gives both these companies data about what people do on all (or nearly all) of the other websites in the world. These tracking scripts are on most websites in the world. The RuckersForum, for example, has Google Analytics on the website, so Google has data about our rugby interests and can show as personalised adverts as we browse the internet. (e.g. related to rugby, or other ads that people interested in rugby often are interested in by means of machine learning). 

The EU GDPR has hit Facebook harder than Google, but many/most advertisers/companies have not yet implemented the technology to be 100% GDPR complaint.  

This is essentially not firing/running these scripts- until the user has given cookie consent or disabled the marketing cookie to disallow their website session being shared with Facebook. GDPR wants explicit consent before running the Facebook cookie script - but in principle, it is the same with Google or anyone else that has tracking technology on websites.

Some websites are 100% compliant, but they have defaulted to not firing the tracking scripts. This means no data is shared with third parties like Facebook or Google Analytics. 

As a result of compliance with GDPR, fewer websites are sending cookie data back to Google and Facebook. However, the next 3-12 months things will be clearer, how much of an impact it will have on these companies. It could derail both companies over the coming years- or at the very least reduce them significantly.  As soon as a script fires - your cookie data is sent to Google or/and Facebook. However, as more companies/websites default to not firing the cookie, Google and Facebook will have much fewer data. 

Facebook has started to apply the GDPR around the world- however, it will not just affect Google and Facebook- it affects the online marketing of all companies in the world. Personalised ads are more relevant, and therefore more profitable. So companies may continue to spend less on online advertising. It all depends on the GDPR- and how it will be applied- and what % of companies will be x% complaint. 

So in the nutshell, no one knows what the next few years hold for online advertising. If the GDPR gathers momentum, it is only going to get worse for Facebook and Google. 

Incidentally, the inventor of the internet has been working over the last few years to try to make the internet back the way it was- and for what he saw its intention. (e.g. not having a few capitalist companies monopolising the internet). He is furious that the internet has been reduced in this way. 

Mozart has made a smart move dumping the shares. If I had more cash and invested in stock, I would have done the same thing. Incidentally, Mark Zuckerberg has been selling off lots of his shares.

sharkbok
sharkbokCaptain23,224 posts
27 Jul 2018, 15:59
#13
27 Jul 2018, 15:59#13
@Ceradyne, 
Zuckerburg is more interested in making money and growing his company than trying to limit your viewpoint. 
I will check out the video of that comedian- but I after a quick glance I think the person disproves his own argument. Sure Facebook makes mistakes about what should be included, and what should not be included. As do moderators of any website. This does not mean they are trying to influence your ideology on a grand scale.

A key metric in organic and paid content is CTR. (Click Through Rate). This is the number of impressions (eyeballs) vs clicks. The higher the CTR, the higher the relevance. So let's say you like a page about religion or news about anti-religion you are going to see these pages more often than others.
CE
CeradynePro9,374 posts
29 Jul 2018, 12:04
#14
29 Jul 2018, 12:04#14
An article that has just appeared in Business Insider. http://uk.businessinsider.com/british-mps-fake-news-crisis-2018-7 'A crisis in our democracy': Lawmakers warn fake news and targeted ads put elections at risk. These are parts of the article (the rest can be found following the link): Collins and his cross-party committee have spent the last 18 months investigating the phenomenon of "fake news." The probe has become increasingly sprawling, tackling everything from targeted advertising in the Brexit campaign, to spread of fake news during the 2016 US election, to how Facebook leaked huge amounts of user information to Cambridge Analytica. A parade of witnesses such as Cambridge Analytica whistleblower Chris Wylie, Facebook chief technology officer Mike Schroepfer, and Vote Leave funder Arron Banks all appeared to give evidence. The recommendations include: Forcing Google, Facebook, and other tech firms to fund the UK's data watchdog, the ICO. Allowing the Electoral Commission to fine tech companies, and be permitted a higher maximum fine than £20,000. Creating new rules that force tech firms to be liable for the content users post. Asking the National Crime Agency to investigate the connections between SCL Elections, the parent of Cambridge Analytica, and a new firm backed by the wealthy Mercer family, Emerdata. That all online political campaigning material should disclose who paid for it and who published it. This is an interim report, and the full investigation is due in the autumn. Richard Allen, vice president of policy at Facebook, said Facebook was working on ways to authenticate political ads in the UK. 'We will work closely with the UK Government and Electoral Commission as we develop these new transparency tools.' IMO, the fact that Facebook is now suddenly so cooperative in developing tools to help is an indication that there was some dodg BS going on.
MO
MozartCaptain49,914 posts
29 Jul 2018, 15:59
#15
29 Jul 2018, 15:59#15
There is also the European governments treating Tech companies as piggy banks. The latest set of requirements on Google/Android only inconvenience users....forcing them to upload apps that were provided for free....in the name of some spurious freedom of choice. The fine on Google for providing capabilities for free is a triumph of misplaced zeal.
BE
Beeno1Captain40,032 posts
29 Jul 2018, 21:46
#16
29 Jul 2018, 21:46#16

Devin Nunes: We Are Looking at “Legal Remedies” to Deal with Twitter Censoring Conservatives

Rep. Devin Nunes (R-CA) the Chair of the House Intelligence Committee joined Maria Bartiromo today on Sunday Morning Futures.

During their discussion the topic of Twitter censorship of conservatives, also known as shadow-banning, came up.

A recent study by the leftist website VICE News found that Twitter is censoring top pro-Trump lawmakers.

Twitter is targeting pro-Trump Republican lawmakers Matt Gaetz, Devin Nunes, Mark Meadows, Jim Jordan and John Ratcliffe with the same shadowbanning technique.

Twitter is also censoring prominent pro-Trump accounts including: Mike Cernovich, Jack Posobiec, Paul Joseph Watson, TGP’s Jim Hoft, TGP’s Cassandra Fairbanks, TGP’s Lucian Wintrich, TGP’s Cristina Laila and Laura Loomer among others.

Nunes said the House is looking at legal remedies to deal with Twitter’s censorship of conservative voices.

Rep. Devin Nunes: I don’t know what Twitter’s up to. It sure looks to me like they are censoring people. And they ought to stop it. And we are looking at any legal remedies that we can go through.


sharkbok
sharkbokCaptain23,224 posts
30 Jul 2018, 02:29
#17
30 Jul 2018, 02:29#17
@Ceradyne, this is all related to the GDPR. It is a new set of laws to upgrade the old cookie law. It focusses on paid ads. (more so than organic/natural content).
So with Facebook, it is possible to have political ads that show on your wall. The organic is your choice, whilst paid advertising is not your choice. Organic is pages that you like. 
I have my own company and do Google and Facebook advertising (but I have never worked with a political organisation- at least not yet). However, it is just like other media like TV adverts. You can choose what movies you want, but you do not choose which adverts or no adverts.
The Facebook Pixel (if installed on a website)- can track what you do off Facebook on any website with the Facebook pixel.
Facebook sell this as aggregated data-  ie groups of people with certain interests, age etc-as placements. (Similar to a magazine- with the ability to selecting targeting filters to narrow down to a specific audience., etc etc. ). 
It is not supposed to be personally identifiable data. The Cambridge Analytica was a disaster because they obtained personally identifiable data. It was a genuine mistake by Facebook- but it was negligence. This mistake has made GDPR more strict- and also damaged the online advertising industry as a whole. Mark Zuckerburg would sell out his own grandmother, so he would be happy to push any political opinion as long as they paid for adverts.

I am busy working on expanding my own company into web programming- rather than just advertising so I am not tied into the fate of just online advertising. 
CE
CeradynePro9,374 posts
30 Jul 2018, 09:23
#18
30 Jul 2018, 09:23#18
“Mark Zuckerburg would sell out his own grandmother, so he would be happy to push any political opinion as long as they paid for adverts.” Exactly, and therein lies the problem. Facebook and other social media platforms, one might add, could be a very valuable social tool but it could (and probably has) become a very dangerous platform. Maybe even more than the MSM. Just this morning I saw a meme on Facebook claiming that Matt Damon was moving to Australia because of Trump. The reality is that he actually rented a house for four months and stayed there during the Australian summer and that he is now moving back to California. Now, I’m not blaming Facebook for it being posted on Facebook. They aren’t responsible for posting it but their haphazard moderation of the platform has led to this kind of shyte being allowed.
— END OF THREAD —

More from Mikes Gripes