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TLDR (Too Long Didn’t Read)
Big Tech companies (Twitter, Facebook and Google in particular), lose money when they go “woke.” Unfortunately, they have so much money, that it does not deter them from their mission of mind control in the USA and increasingly in other global locales. (At least, that’s what their mission seems like to me – manipulating the opinions of the masses.) The quotes below back me up.
Go woke. Go Broke.
According to the company, “2020 net loss was $1.14 billion, representing a net margin of -31 percent and diluted EPS [earnings per share – Ed.] of -$1.44. This compares to 2019 net income of $1.47 billion, representing a net margin of 42 percent and diluted EPS of $1.87.” Both periods were affected by non-cash, tax related adjustments, it said. Costs and expenses totaled $3.69 billion, an increase of 19 percent year over year, while revenue amounted to $3.72 billion.
“Twitter had 187 million daily users, on average, in the third quarter, but below analysts’ expectations of 195.6 million,” Fox wrote.
So, either Twitter has been busily booting even more conservatives that make the news, or users are abandoning the platform at a high rate.
Smart money is on option two.
Minus the hard left, Americans by and large cherish their freedom of speech. And they don’t take kindly to rich, elitist tech giants going to Congress and lying their butts off, pretending as if they don’t censor. The “who, me?” line gets old, but quick.
If Twitter’s losing its users, that means one thing and one thing for sure: Free speech is seeing a resurgence.
Free speech advocates are looking for a new outlet. That’s not just good for all Americans; that’s good for America’s free market, as well.
After banning President Donald Trump from their social media platforms, Facebook and Twitter have seen their combined market value plummet by $51.2 billion over the last two trading sessions. The news was first reported by Business Insider.
Following the Capitol upheaval last week, Facebook and Twitter indefinitely banned Trump’s accounts, claiming there was risk of additional violence. Their decision prompted a major tech sell-off.
Twitter’s stock dropped 6.4% at the beginning of the week and plunged another 2.4% as of Tuesday’s close. The dip resulted in Twitter’s market cap falling by $3.5 billion. Facebook stock was also dumped by investors in the wake of its decision to boot Trump. The company saw a decline of 4% on Monday and another 2.2% on Tuesday, leaving its market cap at $47.6 billion below its Friday level.
Despite losing so much, did Twitter learn a lesson about free speech? Nope.
Despite record losses, Twitter’s ban of President Trump is permanent. One can only presume that the same courtesy is given to other Conservatives. Here is a quote from Yahoo! News:
Twitter will not allow former president Donald Trump back on the platform even if he runs for office again, the company’s chief financial officer said Wednesday.
“The way our policies work, when you’re removed from the platform, you’re removed from the platform, whether you’re a commentator, a CFO or a current or former public official,” Ned Segal said in an interview with television network CNBC.
I predict more record losses for Twitter in the future.
Did Facebook learn a lesson about free speech? Nope.
When censorship causes you to lose money, should you do more censorship? Umm… Some people think so. According to Just The News:
Facebook announced on Wednesday the social media platform will in the coming weeks start limiting the amount of political content viewers see on their news feeds.
The company is aware that “people don’t want political content to take over their News Feed,” Product Management Director Aastha Gupta wrote in a blog post on the site.
The change will begin with Facebook temporarily reduce the distribution of political content in News Feed for a small percentage of people in Canada, Brazil and Indonesia this week.
Hmm… I wonder.
In Canada, there is an election on February 13, 2021.
In Brazil, they just had elections for their Senate and House where 2 allies of their President were elected. Good for him as his Presidency is under a LOT of scrutiny.
In Indonesia, some say that their very democracy is trending towards decline.
Censoring content is those areas could be politically advantageous to certain parties or, I could just be imagining it. But, after looking at what Facebook did in Uganda, I doubt it.
Twitter has been dabbling in election interference abroad as well.
Why limit yourself to censoring political speech in the United States when there is a whole world out there?
Twitter said on Wednesday it would not fully comply with an Indian government order to suspend hundreds of accounts accused by New Delhi of spreading misinformation and inciting violence in the nation’s ongoing farmers’ protests. It made the statement after blocking over 500 accounts last week.
Its not business. Its personal.
If big tech was in business to make money, they would act like the utilities they are supposed to be. (Section 230, anyone?) Instead, they appear to be about population mind (or should I say, “opinion”) control. Case in point, check out this quote and video from the War Room.
Mike Lindell explains the all-out assault on his reputation, company, and recovery network, including Google not letting him buy his own name.
Google buried MichaelJLindell.com after his documentary Absolute Proof was released, so Lindell fought back.
“I bought my own name so everything would show up” on Google, Lindell said. “It started out like 5 or 10 cents a click. I wasn’t bidding against anyone, and all a sudden it went up to 50 cents a click.”
“And then it got up to a dollar a click,” he said. “That’s unheard of for your own name. I am Mike Lindell.”
“Finally Google, after taking $20,000 of my money, said ‘You don’t get to buy this anymore,’” Lindell said.
Despite the censorship campaign, and blocking him out of his own Twitter and Wikipedia pages, Lindell says over 22 million have watched his election fraud documentary.
My intent was to end this here but, this next video broke my heart. Sharing it here in case you had not seen it already.
This Is What Biden Did To Our Family In Less Than One Month.…
This trending video will break your heart but, she wants it to piss you off. Maybe it should. In her words, “Get mad. Do something.” Click here to watch it. Wow.