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META MARKET MASSACRE: Facebook Stock Obliterated After Guidance Report

The numbers were simply astounding.

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Facebook’s decline may be inevitable, (as is the decline of any company on this ancient planet), but it’s doubtful that the social media megalith was prepared for the mess that they got themselves into this week.

Facebook, who made a shifty change in their public identity by adopting the name “Meta” some weeks ago, appeared to be attempting to shirk the criticisms heaped upon them over the years.  Not only were they accused of some heinous versions of data harvesting, but reports surrounding the mental health catastrophes of their unreleased “Instagram for Kids” platform had them squarely in the crosshairs of American culture.

The switch to “Meta” came soon after, with the company likely hoping to distance themselves from the bad press and all of the fiscal repercussions that come along with it.

No such luck, it seems, as evidenced by a massive jolt to the company’s stock on Thursday. 

The stock is on pace for its biggest one-day drop ever, ahead of the 19% plummet it saw in July 2018. Thursday’s drop is set to shave about $210 billion from its market cap, bringing it to about $689 billion.

The company, which released earnings under its new name for the first time with a new reporting structure, missed earnings estimates for the fourth quarter at $3.67 vs. $3.84 analysts were expecting, according to Refinitiv. But it beat on revenue for the quarter, at $33.67 billion vs. $33.4 billion estimated.

Still, its revenue forecast of $27 billion to $29 billion for the first quarter fell below analyst expectations of $30.15 billion, according to Refinitiv.

Facebook suggested that Apple was to blame.

The company said Apple’s iPhone privacy changes, which impact its ad-targeting and measuring, would result in a $10 billion revenue hit this year. It also said macroeconomic challenges like inflation and supply chain disruptions, are weighing on advertiser budgets.

The social media platform’s “Metaverse” announcement was largely met with criticism as well, with many dryly reminiscing on online arenas such as “Second Life” that have been around for years.

Opinion

Republican Turnout far Exceeds Democrats | Schaftlein Report

Guest: Jeffrey Dunetz – LidBlog Author ( LidBlog.com )

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Republican Turnout far Exceeds Democrats | Schaftlein Report
—————————-
Guest: Jeffrey Dunetz – LidBlog Author ( LidBlog.com )
Topics:
1) Democratic turnout increase by 3% while Republican gains were 38%
*GOP is up on the Generic ballot by a range of 4-8%
2) In Georgia where Biden claimed “Jim Crow laws to prevent voting among minorities”, there is record turnout – Another Democratic lie exposed for the fraud they portray
3) Oz leads McCormick by 1,240 votes with mail in ballots still being counted – The lead is shrinking
4) Speculation about Biden not running in 2024 grows – Why would he – His presidency has been a total failure
*His approval rating is at 36-39%
5) Russian colonel on state TV says the war is lost in a stunning revelation
6) Russian Denazification is total propaganda and hypocrisy
7) China is in discussion with Russia to buy discounted oil
8) Gas prices hit an average of $4.59 today the highest ever
a. Mortgage demand plummets as rates on mortgages rise to highest level in 13 years
b. Initial jobless claims increase to 218K to touch highest level since January – It is still very low as jobs are plentiful
9) DHS “pauses” the Disinformation Board – For now?
10) Musk claims Democrats are the party of division and hate – We agree

https://rumble.com/embed/v12psp7/?pub=4 Republican Turnout far Exceeds Democrats | Schaftlein Report —————————- Guest: Jeffrey Dunetz – LidBlog Author ( LidBlog.com ) Topics: 1) Democratic turnout increase by 3% while Republican gains were 38% *GOP is up on the Generic ballot by a range of 4-8% 2) In Georgia where Biden claimed “Jim Crow laws to prevent voting among minorities”, there is record turnout – Another Democratic lie exposed for the fraud they portray 3) Oz leads McCormick by 1,240 votes with mail in ballots still being counted – The lead is shrinking 4) Speculation about Biden not running in 2024 grows – Why would he – His presidency has been a total failure *His approval rating is at 36-39% 5) Russian colonel on state TV says the war is lost in a stunning revelation 6) Russian Denazification is total propaganda and hypocrisy 7) China is in discussion with Russia to buy discounted oil 8) Gas prices hit an average of $4.59 today the highest ever a. Mortgage demand plummets as rates on mortgages rise to highest level in 13 years b. Initial jobless claims increase to 218K to touch highest level since January – It is still very low as jobs are plentiful 9) DHS “pauses” the Disinformation Board – For now? 10) Musk claims Democrats are the party of division and hate – We agree

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Opinion

Empire State Goes Tyrannical with Social Media Spying Plan

This is NOT okay.

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There are plenty of ways in which American politicians can react to a tragedy, with a great many of those options being a bit shortsighted.

This is especially true of Democrats, it seems, as their innate progressivism makes them uniquely obsessed with change for the sake of change – even when those changes may be constitutionally questionable.

The latest example of this comes to us from New York, where a racist massacre at a grocery store has the state government looking to spy on citizens’ social media accounts.

New York Gov. Kathy Hochul (D) on Wednesday announced plans to create a police unit designed to, in part, combat “hate speech” in the wake of the tragic shooting in Buffalo, promising to “confront this epidemic head-on.”

“We’re proposing a comprehensive plan to combat domestic terrorism, strengthen state gun laws, & investigate social media platforms promoting violent extremism,” Hochul announced Wednesday.

“In wake of the racist act of terror in Buffalo, New York will lead the charge to confront this epidemic head-on”.

The devil was in the (lack of) details:

One of the governor’s executive orders instructs the State Police to establish a “dedicated unit within the New York State Intelligence Center (NYSIC) to track domestic extremism and increase social media monitoring at the Intelligence Center.”

“The unit will be responsible for developing investigative leads based on social media analyses focused on radical extremist activities motivated threats by identifying online locations and activities that facilitate radicalization and promote violent extremism,” it reads in part.

Without any clear or concise guard rails, those employed within the unit would be left to examine any number of questionable pieces of alleged “evidence”, tagging and cataloging completely harmless users in the sort of overreach that would have George Orwell not only rolling over in his grave, but kicking at the lid of his coffin as well.

There are plenty of ways in which American politicians can react to a tragedy, with a great many of those options being a bit shortsighted. This is especially true of Democrats, it seems, as their innate progressivism makes them uniquely obsessed with change for the sake of change – even when those changes may be constitutionally questionable. The latest example of this comes to us from New York, where a racist massacre at a grocery store has the state government looking to spy on citizens’ social media accounts. New York Gov. Kathy Hochul (D) on Wednesday announced plans to create a police unit designed to, in part, combat “hate speech” in the wake of the tragic shooting in Buffalo, promising to “confront this epidemic head-on.” “We’re proposing a comprehensive plan to combat domestic terrorism, strengthen state gun laws, & investigate social media platforms promoting violent extremism,” Hochul announced Wednesday. “In wake of the racist act of terror in Buffalo, New York will lead the charge to confront this epidemic head-on”. The devil was in the (lack of) details: One of the governor’s executive orders instructs the State Police to establish a “dedicated unit within the New York State Intelligence Center (NYSIC) to track domestic extremism and increase social media monitoring at the Intelligence Center.” “The unit will be responsible for developing investigative leads based on social media analyses focused on radical extremist activities motivated threats by identifying online locations and activities that facilitate radicalization and promote violent extremism,” it reads in part. Without any clear or concise guard rails, those employed within the unit would be left to examine any number of questionable pieces of alleged “evidence”, tagging and cataloging completely harmless users in the sort of overreach that would have George Orwell not only rolling over in his grave, but kicking at the…

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