Facebook / Google are the biggest Con-Artists in Silly-con Valley
The question is how long can the con go. Bernie Madoff lasted decades!
https://www.bloomberg.com/view/articles/2018-04-24/make-facebook-and-google-information-fiduciaries
Edison Research analyst Richard Windsor thinks you should sell Facebook stock – despite the social media octopus posting record numbers. The reason? Facebook's operating expenditure is set to mushroom as it hires humans to police its network in response to criticism about advertising. "This will result in weakness in the …
Why con artists? Madoff was a fraud from the beginning, but they're actually making money, and more money every year. They have a stranglehold on the online advertising business in much of the western world, and that business is booming. It's going to take a very long time for that to change. Putting more regulations on data privacy would actually benefit them, because it would make it harder on new entrants to break the market.
There might come a time, though, when it appears that online advertising, whether or not targeted, has less effect than its vendors would like to have their customers think. I sometimes am a bit mystified by rants about it until temporarily disabling my ad blocker; my wife has not received scareware (browser lockup with audio "Important message from Micro Soft") since I installed on on her laptop.
{with apologies to Tommy Trinder and you have to be of a certain age to know of him}
Roll up, roll up.
Login to Facebook for your daily fix
Of lies, gossip and insults.
Oh and don't forget to view all those lovely adverts.
We just love those adverts and we know you will too
They keep the lights on and Zuck's fleet of private jets flying.
You know it makes sense
And don't forget to come back, same time, same place tomorrow for your next fix.
Or just give FB and the rest the finger and let them wither and die.
I actually know of, and do business with, a lot of profitable companies that not only avoid being horrible, are actually good for themselves, their customers, and society.
They are all small companies, though. I do think that a certain amount of evil is required to become a very successful large corporation or an extremely wealthy individual. It's pretty much built into how business is funded in the US.
This post has been deleted by its author
I am not like other birds of prey
Upvote for quoting from their first album. To my ears, probably their best album in terms of songwriting (as described to my wife: "a more hippy album you couldn't hope to hear"..).
But then, Maybe I'm a Beggar.. and should Try Again (or leave the Words Unspoken)
Right. A company creates jobs in the US and Wall Street's first reaction is : punish it.
I don't like FaceBook either (far from), but you really should get your ducks in a line. You cannot complain about the level of unemployement and lack of jobs and simultaneously call for selling stock of US companies that create jobs.
Schizophrenic idiots.
"You cannot complain about the level of unemployement and lack of jobs and simultaneously call for selling stock of US companies that create jobs."
Why not?
Are you really saying that job creation is such a high ideal that we should tolerate any level of abuse for it? I think that we should demand more from companies than that.
Also, relying on large corporations as the primary source of jobs is a recipe for disaster. Most jobs in the US don't come from such companies, and the US is the better for it.