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Mark Zuckerberg : Facebook :: Elizabeth Holmes : Theranos

Holmes's biggest mistake was making hardware, so the fraud was more obvious. Until the media actually digs deep into the fake/fraudulent account problem on Facebook, the stock will continue to go up.

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Facebook has a built a legal surveillance machine that can read the thoughts of most people on the planet. That is very valuable. I don't doubt Facebook is incredibly valuable both for reading our thoughts and for its ability to shape them. The only current danger to Facebook's model is the EU severely curtailing their operations within the EU, but even if they have just the US market that is still hugely valuable.

Of course it is a danger to society and hugely unethical but financially they are sound.

It's only valuable as long as people continue to use it.

People can't stop using FB. It's a gigantic flywheel feeding itself back. Your friends are there, you want to leave, there is no where else to go. You come back. They win!

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