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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.
(Score: 3, Insightful) by Phoenix666 on Monday April 16 2018, @11:19AM (3 children)
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
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)
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
exactly, congress and the media just want their cut of the slave profits.