Facebook And Amazon Lose Billions Of Dollars Over Privacy Concerns And The Government

March 30. 2018

Amazon's Alexa

I warned on November 10, 2016 in the article "Donald Trump Winning The U.S. Presidency Ushers In A New Era In America" that the Obama FBI's criminal meddling in companies would cost corporations a fortune ("I've stated from the beginning regarding this madness, if as a politician you claim to care about the country, how can you meddle in the corporate sector in this manner. You did not create companies such as Google, Apple and Facebook, among others, yet are arrogantly trying to control them for your own benefit and to the nation's detriment, in conduct that is and will further be financially damaging").

I also wrote about the subject here on March 29, 2016 "The FBI Seeks To Take Over Apple In What Will Damage The Trillion Dollar Company If The Courts Allow It." The FBI has been meddling in Amazon and Facebook, to illegally and secretly spy on Americans and foreign citizens without a warrant, which is illegal. Over the past week, the Cambridge Analytica scandal exposed Facebook regarding giving government entities access to social networking users' text messages, phone calls, mobile phone mics and cameras, enabling them to spy on you in your home (Facebook Is In More Trouble As News Emerges They Have Been Collecting Your Phone Calls And Text Messages For Years).

Facebook

This week, financial analysts and the public have been reviewing Amazon stock more closely, as there are privacy concerns that were disclosed a year ago (The CIA And FBI Have Control Of Amazon's Alexa Which Is Spying On You In Your Home). It has caused Amazon stock to plunge this week, losing $53 billion dollars in value. Facebook has lost over $70 billion in value in less than 2-weeks.

STORY SOURCE

Amazon Loses $53 Billion in Market Value, Becoming FAANG's Biggest Loser

March 28, 2018, 2:08 PM EDT Updated on March 28, 2018, 4:49 PM EDT - Amazon sinks after report that Trump is ‘obsessed’ with firm. Facebook had underperformed. Move over, Facebook. U.S. investors have a new punching bag among the FAANGs: Amazon.com, Inc.

Facebook Inc. gave up the top loser spot to Amazon.com, which lost $53 billion in market value on Wednesday after Axios reported that President Donald Trump is “obsessed” with regulating the e-commerce behemoth. The social media giant had previously underperformed the tech megacap group amid concern over the company’s handling of its users’ personal information...

https://www.bloomberg.com

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