Facebook market value plummeted Wednesday by over $100 billion, a 19% drop, making it the largest single-day dive in market history. Facebook CEO Mark Zuckerberg felt the heat of the stock drop, personally losing $15.1 billion. Facebook had the slowest quarter in the company’s history. It missed three key expectations: active daily users, active monthly users and revenue, which could be related to its collection of personal data censorship of conservative media. Mark Zuckerberg reportedly sold off $3.5 billion in stock following the Cambridge Analytica data-mining scandal that first surfaced on March 17. It is unlikely that the SEC will investigate, as many influential pension accounts are invested in Facebook in some capacity.
After having the slowest quarter in its existence, Facebook market value plummeted Wednesday by over $100 billion, making it the largest single-day drop in market history.
No company has ever lost $100 billion in the history of the U.S. stock market in one day. Facebook lost about $120 billion to about $508 billion — more than a 19-percent drop, according to CNBC. The stock market is typically reactionary and Facebook is likely to bounce back.
Facebook founder and CEO Mark Zuckerberg felt the heat of the stock drop, personally losing $15.1 billion, Time reported. When the market closed Wednesday, Facebook’s market cap totaled nearly $630 billion.
Bloomberg has also picked up on this insider selling deluge, and writes that “nine Facebook insiders combined to sell about $4.13 billion worth of stock since the Cambridge Analytica data-mining scandal first surfaced on March 17.”
Chief Executive Officer Mark Zuckerberg accounted for 85 percent of the total, according to data from InsiderInsights.com, which analyzes such transactions. The social media giant’s stock fell as much as 24 percent in late trading Wednesday after second-quarter sales and user growth disappointed investors.
Joe Biden and his campaign have spent more than $924,000 on private jets delivering the message that climate is an existential threat and, thereby, spewing one heck of a lot of CO2 into the atmosphere, when he could have made a video and posted it to Facebook.
Officials said 300 other suspects have been arrested in South Korea this week. Five men from the US have been convicted on federal charges related to the child-porn website. One of them, Richard Gratkowski, was a former Homeland Security Investigations agent.
Jim Fetzer was sued by Lenny Pozner, father of six-year old Noah Pozner, who was reportedly shot to death. Lenny Pozner claimed Fetzer’s writing caused him to suffer from PTSD. A jury ordered Fetzer to pay $450,000 in damages to Pozner for defamation, based on accusations that Noah Pozner’s birth certificate was fake.
A secret staircase hidden behind a cupboard in the living room led to an underground living space where the family has lived for the past seven years, expecting a global catastrophe. The family fed themselves with a self-sustaining vegetable farm and needed almost no contact with the outside world.
Communist policies that already are ravaging America include a state-controlled banking monopoly, a progressive income tax, and ‘free’ government schools. Democrats now are reviving other planks of the Communist Manifesto including Bernie Sanders’ proposal for an 77% inheritance tax.
Ramirez Valiente has been charged with reckless driving, as his license was revoked due to a DUI in 2018. He was also arrested for reckless endangerment in 2011 and domestic violence in 2016. A district attorney dismissed both charges.
James Corbett explains that the pro-war media objected to President Trump removing 1,000 US troops from Syria, and has been caught lying again to the American public to keep the wars going. Corbett gives numerous examples of other times that the media has been caught using propaganda and lies to manipulate the public.
In the past week, over 1,300 arrests were made involving members of the Extinction Rebellion, a climate-change-alarmist group that is critical of the West and has blocked roads and shut down a London airport. George Soros is among the high-profile donors to this group.
One of the suspects had been arrested for theft of a motor vehicle, but King County Jail ignored an ICE request for retainer, and he was released. He was arrested and released two more times before the high school boy’s murder.
Only one child has been infected by the polio virus, caused by a polio vaccine, but the government now is preparing to vaccinate more than 9 million children – with the same vaccine that infected the single case of polio that created their concern.
California adopted a controversial ‘red flag’ gun-confiscation law that expands an existing law that allows law-enforcement and family members to initiate a process to temporarily confiscate citizens’ firearms. The new law adds co-workers, employers, and teachers to the list.
The Center for Immigration Studies estimates that there are nearly 5-million illegals who would receive subsidies through the so-called Affordable Care Act.
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A California judge ruled that Twitter can be sued for advertising free speech and then banning users with whom they disagree. Twitter has frequently promised not to ban accounts on the basis of viewpoint or political affiliation, but it has frequently violated this promise, especially targeting conservatives. Twitter lost its argument that it has a first amendment right to ban whoever it likes from its platform, for whatever reason, and the case will move forward to set a precedent for social media.
Jon Rappoport’s popular blog, JonRappoport.wordpress.com, was shut down by WordPress without advance notice or explanation. This is forcing him to collect email addresses in order to share his articles by email.
Carol Davidsen, the former media director for the Obama campaign in 2012, revealed that Democrats were able to “suck out the entire social graph” or network of friends from individuals on Facebook, which they used to bolster their email lists. Davidsen says that, when Facebook found out, did nothing to stop the process (which they could have done) because they liked what was being done with the names.