Finally, Facebook (FB) has been exposed for the fraud that it is. There has never been such an inflated market cap based on nothingness, just hype. Steve Jobs successfully hyped up Apple (AAPL) but unlike Fakebook, Apple actually makes products, and they have a huge following. Here we will elaborate on several key points that we’ve been saying for years, but now maybe the market is listening:
- Facebook (FB) has a weak underlying business model. Users do not like to see advertisements therefore management will be driven to measures such as grey hat (or even black hat) methods to obtain data and use data in ways in conflict with users.
- Facebook (FB) is ultimately and primarily a tool of the intelligence agencies (primarily but not exclusively the CIA) and furthers a larger agenda as part of the DOD’s “Information Awareness” program, more than it is a hot business model.
- There are thousands of social media networks, in fact Ning offers users a platform to create their own social network. The only thing unique about Facebook (FB) is that it is the most used and trusted network, but that all is hanging on the thin thread of users trust, which has now completely evaporated.
- Mark Zuckerberg is an unethical tricky leader that cannot change, he is detached from reality, has no vision, no understanding of what his customers want, and perhaps most importantly; stole Facebook (FB) from Winkelvoss.
- Facebook became spammy in 2010, the amount of bot manipulation is highly under-reported. Fake accounts are bought and sold in a black market, software is sold that can create fake accounts by the hundreds, thousands.
“Top Reasons Facebook (FB) is going down fast”
- Users are abandoning their accounts, deleting them, and it has become ‘cool’ to delete your Fakebook account. #DeleteFacebook
- Mark Zuckerberg originally referred to his users as “Dumb Fucks” this meme is now being circulated.
- Cambridge Analytica is not unique. This is the underlying model of Facebook’s business model (if you can call it a ‘model’).
- Facebook’s IPO disaster was a sign of things to come.
- Lawsuits are just the beginning. People are angry.
- Cook County is suing for ‘fraud’ – this is a public government suing Facebook for SERIOUS violations. Fraud isn’t something you can just get over. It takes years to make a reputation and minutes to lose it.
- According to Edward Snowden, Facebook is a surveillance company.
- Once the genie is out of the bottle, hard to put back. Perhaps some users didn’t think this was going on and others didn’t care. But now there’s a movement to control how Facebook spies on you.
‘Facebook Condom’? – Mozilla Launches Firefox Extension To Avoid Zuck’s Spying Eyes….Think of it as a condom for Facebook.
In response to the Facebook data harvesting scandal, Mozilla has launched an extension for its Firefox Browser which helps you segregate your web activity from Facebook’s prying eyes by isolating your identity into a separate “container.” This makes it far more difficult for Facebook to track your activity on other websites using third-party cookies.
You can get the extension here.
The Mind-Benders: How To Harvest Facebook Data, Brainwash Voters, And Swing Elections
In the days and weeks following the 2016 presidential elections, reports surfaced about how a small British political consulting firm, Cambridge Analytica, might have played a pivotal role in Donald Trump’s surprise victory. The company claimed to have formulated algorithms to influence American voters using individually targeted political advertisements. It reportedly generated personality profiles of millions of individual citizens by collecting up to 5000 data points on each person. Then Cambridge Analytica used these “psychographic” tools to send voters carefully crafted online messages about candidates or hot-button political issues.
Whistleblower Bombshell: Facebook Can Listen In On Your Conversations
Whistleblower Christopher Wylie, the former employee of Cambridge Analytica, told members of the British Parliament yesterday that Facebook has the ability to listen in on conversations on people using their app. Video of his comments is included below.
While he says Facebook and its companies like Instagram likely cannot decipher specific conversations, Wylie says they do have the ability to gauge speech patterns to tell if a user is in a work environment, or listening to a TV at home. They then use that information to tailor ads to the user.
The comments come as Parliament is investigating the Cambridge Analytica scandal and the abuse of personal data.