Facebook Loses $70 Billion Dollars Over Cambridge Analytica Data Mining Scandal And Global Boycott

March 22. 2018

Mark Zuckerberg

This is another follow up to the March 7, 2018 article "Blackberry Has Sued Facebook For Copyright Infringement" where I predicted Facebook and its CEO Mark Zuckerberg would meet with a fall and financial loss for acts of chronic grand theft and treachery.

2-weeks after my article, Facebook has lost much of its value, in a stock plunge that occurred over the past 2-days, disgracing Zuckerberg and Facebook, regarding a data mining scandal that targeted 50 million of its site users during the 2016 presidential election and the Brexit campaign, via the company Cambridge Analytica.

It is richly deserved, considering Zuckerberg stole Facebook (see the link posted above for more information). He belongs in prison. This man stole his way into a fortune and global acclaim, via committing a series of intellectual property crimes, criminal copyright infringement and financial fraud. He is a fraud.

People are being encouraged to delete the Facebook app, in an online push bearing the hashtag #deletefacebook. Brian Action, the founder of WhatsApp, a company Facebook bought for billions, is also encouraging people to stop using Facebook, under a global boycott that is gaining steam online.

The latest reports indicate Facebook has lost $60 billion dollars of its value, costing Zuckerberg much of his personal fortune. Bloomberg.com stated, "The social media giant has lost over $60 billion in market value over the past two days, following revelations that personal data of millions of users was obtained by a data analytics firm. That’s more than the market capitalization of Tesla Inc. at around $52 billion or three times that of Snapchat owner Snap Inc. at about $19 billion."  

STORY SOURCE

Facebook Just Lost More Than Tesla's Entire Market Cap in Two Days

March 20, 2018, 2:23 PM EDT - FTC Said to Probe Facebook on Personal Data Use. Facebook Inc.’s privacy crisis has turned into a shareholder crisis. The social media giant has lost over $60 billion in market value over the past two days, following revelations that personal data of millions of users was obtained by a data analytics firm. That’s more than the market capitalization of Tesla Inc. at around $52 billion or three times that of Snapchat owner Snap Inc. at about $19 billion...

https://www.bloomberg.com

Zuck Made Him a Billionaire, Now WhatsApp Founder Urges Users to Delete Facebook

March 21, 2018 at 6:42 am - (ZHE) — Three years after Mark Zuckerberg made Brian Action a billionaire by paying $22 billion for WhatsApp, the messaging app’s co-founder has a clear message for the billions of social media drones worldwide – #deletefacebook. MarketWatch notes that Acton and fellow co-founder Jan Koum sold the messaging service WhatsApp to Facebook in 2014 for $22 billion. Acton received about $3 billion in the deal, and has a net worth of about $5.5 billion, according to Forbes.

After staying on for three years, Acton quit Facebook in September, and is now a major backer of rival messaging service Signal, which boasts encryption to make its messages resistent to government surveillance.And now, after the revelations of the last week, building on an ever-growing mountain of issues for Facebook, Acton said, in a tweet overnight: “It is time. #deletefacebook,”...

http://theantimedia.org