Sadly I think you are right. I appreciated how sites like $TWTR were more responsible, but it's clear that Zuckerberg and $FB only cares about the bottom line.
I've been following what's happening with #Facebook with interest. Do you think companies are all of a sudden feeling so socially conscious that they will never advertise on Facebook again? I think it's more likely this is a very temporary reaction until things come down. If they made money advertising on Facebook, they'll return soon enough once the media spotlight has shifted elsewhere.
I have to say that from a purely socially conscious perspective, I'm far more likely to invest in $TWTR over $FB. Twitter's handling of political ads and Trump's over Zuckerberg's is very telling. It really speaks volumes as to what kind of companies these are.
Soon, social distancing will prevent people from using actual cash. And global currencies may collapse under the strain of COVID-19. I think people will start flocking towards crypos like #Libra. $LIBRA $FB
I would think you would need to differentiate between purely digital tech companies - for example software companies like $FB and $CRM, and product based tech companies like $AAPL. The latter is going to take a major hit due to disruptions in supply from the #coronavirus outbreak.
On the one hand, I don't particularly trust #Zuckerberg or #Facebook. On the other, weren't they just found guilty of privacy violations and required to pay a $5 billion fine and be subjected to oversight? If so, wouldn't that offer some protection? $FB
Thanks @[Mark Borkowski](user:33539), this is a lot of pertinent info that was not in the original article but important to know! Makes me realize the hype over #Facebook's #Libra may be more overplayed than I realized. $FB $LIBRA
Yes, some people don't trust #Facebook with their personal data (nor any other site). But FB has millions of users. If only a fraction adopt #Libra, it will be highly successful. Plus their platform will likely get many to use it, as opposed to just holding it for investment purposes. A stable coin is quite an intriguing idea. And Facebook has real expertise in taking an idea and turning it into a powerhouse. So yeah, I think Libra could be big! $FB
Someday the knuckleheads that run the #crypto world will actually figure out how to not look like fools every time volume picks up. I was never seduced to party in that space. The whales are in control and you,lowly trader are at their mercy...no thanks. As far as $FB, everybody with a pulse knew of their plan for #Libra a year ago. #Bitcoin flew because of the Chinese's capital concerns amid a global currency issue. Confluence, in other words.
Libra logically should have trashed or maybe crashed the crypto world as it will have the scale to dominate with a STABLE currency protected by an independent group of accredited validators - FB being only one of them. They will be able to handle 1000 transactions a second as opposed to Bitcoin that can only handle 7. True you won't be able to trade Libra as an investment asset. But given the way Bitcoin behaves whenever it rallies, maybe that's a good thing.
Trade Of The Week: Facebook
Sadly I think you are right. I appreciated how sites like $TWTR were more responsible, but it's clear that Zuckerberg and $FB only cares about the bottom line.
Trade Of The Week: Facebook
I've been following what's happening with #Facebook with interest. Do you think companies are all of a sudden feeling so socially conscious that they will never advertise on Facebook again? I think it's more likely this is a very temporary reaction until things come down. If they made money advertising on Facebook, they'll return soon enough once the media spotlight has shifted elsewhere.
I think it's a buying opportunity for $FB
Twitter Breaks Out Anyway
I have to say that from a purely socially conscious perspective, I'm far more likely to invest in $TWTR over $FB. Twitter's handling of political ads and Trump's over Zuckerberg's is very telling. It really speaks volumes as to what kind of companies these are.
Libra Is Coming: Will FB Liberate Or Liquidate The Crypto Market?
Soon, social distancing will prevent people from using actual cash. And global currencies may collapse under the strain of COVID-19. I think people will start flocking towards crypos like #Libra. $LIBRA $FB
Tech Stocks as a "Safe Haven"?
I would think you would need to differentiate between purely digital tech companies - for example software companies like $FB and $CRM, and product based tech companies like $AAPL. The latter is going to take a major hit due to disruptions in supply from the #coronavirus outbreak.
The Table Is Set
On the one hand, I don't particularly trust #Zuckerberg or #Facebook. On the other, weren't they just found guilty of privacy violations and required to pay a $5 billion fine and be subjected to oversight? If so, wouldn't that offer some protection? $FB
Libra: Facebook’s Audacious Bid For Global Monetary Control
Thanks @[Mark Borkowski](user:33539), this is a lot of pertinent info that was not in the original article but important to know! Makes me realize the hype over #Facebook's #Libra may be more overplayed than I realized. $FB $LIBRA
Could A Cryptocurrency Become A Global Reserve Currency?
What about the concept of a stable coin. For example #Facebook's new #Libra. $FB.
Libra: Facebook’s Audacious Bid For Global Monetary Control
Yes, some people don't trust #Facebook with their personal data (nor any other site). But FB has millions of users. If only a fraction adopt #Libra, it will be highly successful. Plus their platform will likely get many to use it, as opposed to just holding it for investment purposes. A stable coin is quite an intriguing idea. And Facebook has real expertise in taking an idea and turning it into a powerhouse. So yeah, I think Libra could be big! $FB
At Our Doorstep
Someday the knuckleheads that run the #crypto world will actually figure out how to not look like fools every time volume picks up. I was never seduced to party in that space. The whales are in control and you,lowly trader are at their mercy...no thanks. As far as $FB, everybody with a pulse knew of their plan for #Libra a year ago. #Bitcoin flew because of the Chinese's capital concerns amid a global currency issue. Confluence, in other words.
Libra logically should have trashed or maybe crashed the crypto world as it will have the scale to dominate with a STABLE currency protected by an independent group of accredited validators - FB being only one of them. They will be able to handle 1000 transactions a second as opposed to Bitcoin that can only handle 7. True you won't be able to trade Libra as an investment asset. But given the way Bitcoin behaves whenever it rallies, maybe that's a good thing.