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posted by takyon on Monday April 16 2018, @08:01AM   Printer-friendly
from the BUY-LOW! dept.

Why You Should Buy Facebook While It's In Crisis (archive)

In spite of the headlines, the hearings, and the hashtags, it does not look like many users are leaving Facebook. A survey conducted by Deutsche Bank concluded that "just 1% of respondents were deactivating or deleting their accounts." If the survey is representative of Facebook's 2 billion users, then 20 million users might leave. This may seem like a big loss, but it means 99% of users are staying.

Doug Clinton, the managing partner of Loup Ventures, estimates that each active user generates about $21 in profits for Facebook each year. The loss of 20 million users would therefore reduce Facebook's earnings by roughly $420 million. Facebook's pretax income last year was $20.5 billion. Does a 2% drop in pretax income justify a 9% loss of market value? I don't think so.


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  • (Score: 3, Insightful) by Runaway1956 on Monday April 16 2018, @10:58AM (4 children)

    by Runaway1956 (2926) Subscriber Badge on Monday April 16 2018, @10:58AM (#667571) Journal

    It makes a man want to cry, doesn't it? Unfortunately, what you posted is true. Relatively few people understand how their privacy is being invaded, or how they are being exploited. Of those who understand, relatively few really seem to care. If all of us who care were to go out today, and explain as thoroughly as possible to the unenlightened, they still wouldn't care.

    "Bill, you don't seem to understand - to Facebook, you are just one of the cattle. You wilingly give them whatever they ask for, so long as they give you a silly game to play, and you can check up on your wife and kids. You don't understand - Facebook is also checking up on your wife and kids. Facebook sells you to the rich bastards on Wall Street, and you willingly walk into the stall assigned to you. You are hamburger, Bill, a commodity sold on the future's market. You, your wife, your kids, everyone who lives on Facebook."

    And, Bill shrugs me off.

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  • (Score: 3, Insightful) by Phoenix666 on Monday April 16 2018, @11:19AM (3 children)

    by Phoenix666 (552) on Monday April 16 2018, @11:19AM (#667577) Journal

    What you're saying is absolutely, completely true. But why is everyone only upset when Facebook treats everyone that way? Why not the NSA, which is definitely invading every corner of everyone's lives? Why not the rest of Wall Street and the government?

    To them, all of us are cattle to be treated exactly like cattle, and they have as much interest in the thoughts and feelings of the populace as they do cattle's.

    --
    Washington DC delenda est.
    • (Score: 1, Informative) by Anonymous Coward on Monday April 16 2018, @01:38PM

      by Anonymous Coward on Monday April 16 2018, @01:38PM (#667616)

      People weren't knowingly handing their information over to the NSA and the NSA doesn't specifically target people that are barely computer literate.

      I think there's a lot of people out there that genuinely didn't understand what FB was doing and thought of it being a lot less harmful than it is. Now, having been caught with some egregious abuses of power that helped erode our political process all those people that had trusted the platform to just serve ads and provide a convenient place to communicate with friends and relatives are feeling hurt and betrayed.

    • (Score: 0, Flamebait) by Anonymous Coward on Monday April 16 2018, @02:26PM (1 child)

      by Anonymous Coward on Monday April 16 2018, @02:26PM (#667637)

      If you've been as deep in the elite circles as you claim to have been, you already know why "everybody" only cares about privacy violations when Facebook does it.

      The military-industrial complex is using its propaganda wing, the media, to twist Facebook's arm. They want to make sure Zuckerfuck knows that he's their bitch. When they're done with Zuckerfuck, he'll know better than to use Facebook's spying capabilities for the benefit of anybody else except the deep state.

      The media isn't news. Their shit doesn't reflect the way people actually feel. The media is just propaganda, using their megaphone and playing a confidence game that we just take it for granted that "everybody" must only care when Facebook is invading our privacy.

      The Media: People just listen to us.
      The Media: We don't know why.
      The Media: They "trust us"
      The Media: Dumb fucks

      • (Score: 0) by Anonymous Coward on Monday April 16 2018, @04:04PM

        by Anonymous Coward on Monday April 16 2018, @04:04PM (#667674)

        exactly, congress and the media just want their cut of the slave profits.