Last Remaining Copy Of Stolen-Data Is Worth $100 Billion To Russia. Could Facebook Be Shut Down?

Evidence is emerging that the psych-ops techniques allegedly used by AggregateIQ to brainwash electors, were extraordinary effective. But now everyone who allegedly had copies of the stolen data that was used to profile and target; is saying that if they did have copies, which they largely deny, they have deleted them.

They have had plenty of time; the story broke in a year ago; last-week, Britain’s answer to Robo-Cop, Policeman-Plod, searched the offices of Cambridge Analytica, guess what he didn’t find? Meanwhile BBC Channel-4 reports that AggregateIQ seems to have disappeared into thin-air, doubtless they trashed their hard-drives on their way out. What’s left?

Facebook (FB) currently estimates of 87-Million accounts were hacked. That’s an “estimate”, because they don’t know which of the roughly 1.5 billion or so accounts that existed in 2014/15 were harvested. They say they are putting up a protocol so account-holders can find out if they are being hacked, today. That misses to point.  Meanwhile little news of the Russian psychologist, Aleksandr Kogan, who orchestrated the heist; what’s the chance he took a hard-drive to Russia, which, as Christopher Wiley recently remarked, was highly likely?

It’s likely that’s the one and only copy left, and like an ancient master; that’s worth billions, to whoever has it. Kogan says he doesn’t work for the Kremlin; all the same, they have methods of persuasion that are hard to resist.  Perhaps by now the CIA has started to join-up the dots about the value to “someone” of having access to the intimate secrets of 70-Million Americans, to analyze and manipulate, at their leisure?

Mm...So the big decision, sladki, is should the new President of Great-Again, be an orangutan; or Boris Johnson? Boris, incidentally, is American first and British second; which could explain why he is so opposed to immigration, first-generation immigrants are often like that. All that remains is for Robert Mercer, the ultra-right-wing American billionaire, who bankrolled both the Donald Trump campaign; and the Facebook data-breach, to be awarded the Order of Lenin.

In his testimony to the Common’s Select Committee, Christopher Wiley claimed that when Facebook found out about the data-breach they didn’t call-in Policeman Plod, or alert any authorities; they just sent a meek note to Cambridge Analytica asking them, politely, to delete. They didn’t suspend Cambridge Analytica’s Facebook account or that of its alleged affiliate AggregateIQ, its parent company the SCL-Group, or Robert Mercer; who controls Cambridge Analytica; and they did not ask for proof that data had been deleted.

If Wiley was telling the truth; that makes Facebook a partner in crime; because damage is a function of the number of breached accounts, multiplied by the time the stolen data was in circulation; and there is no clear evidence that it’s not still in circulation, somewhere. Also, the only way the data could be put to work, after profiling and targeting, was on Facebook.

That there was damage, there is no question; when finally the story broke; Facebook’s market-cap dropped by $100-Billion. What’s mystifying is why Facebook is not suing Robert Mercer & Co-conspirators for that amount, plus punitive damages? If they did, and they won, they could pay $1,150 less legal fees, to each account holder whose intimate private details were passed around the locker-room, if they could find them.

Small problem; the potential defendants don’t have that sort of money. A lawsuit filed in San Diego this week named Facebook, Aleksandr Kogan and Steve Bannon, as defendants, and valued the damages at $1,000 per hacked-account; Facebook estimates that was 70-Million Americans so the lawsuit is nominally $70 Billion.

The action, likely filed in haste, has quite a few flaws, and it is unlikely to get very far. Aleksandr Kogan doesn’t have any money so he’s not worth suing, anyway at the first sign of serious trouble he will be back in Russia. Steve Bannon doesn’t have much money; $20 Million or so; so he’s hardly worth the effort; Facebook was an unwitting, and idiotic victim, so why should they be in the same dock as the people who stole from them? And the person who allegedly financed the break in, Robert Mercer, is not mentioned in the action; his net worth is a tad-under $1 Billion, clean him out and that would give $15 to each victim, less legal costs, so that’s hardly worth the effort either; except of course to the lawyers who might collect $300 Million.

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The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and ...

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