Thursday, February 3, 2022

Watching the Implosion Start

 I found this link at SmallDeadAnimals. 2/3/22 Daily Mail:

Facebook loses users for the first time EVER: Shares plummet 20%, wiping $200BN off value of parent-firm Meta after it revealed 500,000 fewer daily log-ins and declining profits - Zuckerberg's personal wealth takes $29BN hit

  • CEO Mark Zuckerberg believes Facebook's decline in users is likely due to the boom in popularity of the competitor platform TikTok
  • Facebook reported a nearly half million drop in daily users during the last three months of 2021, with only 1.93 billion users logging in each day
  • Facebook's parent company, Meta, saw its stock plunge 22.6% during after-hours trading on Wednesday
  • If the drop holds until the market opens Thursday, the company's market capitalization - its overall value - is on track to drop by nearly $200 billion
If you are one of the many who have dropped Facebook as your major source of disinformation, good!  If not, why not.  To paraphrase Obama, "At a certain point, Zuckerberg, you need to say, 'You have enough.'"  Money and power.

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