[0] https://www.cnbc.com/2018/03/20/shareholders-wont-force-zuck...
[0] https://www.cnbc.com/2018/03/20/shareholders-wont-force-zuck...
They are worth a bit under $800B right now. So even if they completely plateau with revenue and profit, the stock only drops 1/3. And this is all without them hypothetically giving a dividend too. So their cash would keep accumulating by tens of billions.
Look at this story for example. Are there scammers in the ads? Yes, all ad platforms will have some scammers. It's always been the case and it will continue to happen because there's benefit to scamming. Does FB take down scammers? Yes, constantly.
So, what is the news story? There is no news story. It's just a negative hit piece to try to devalue the company so that Zuckerberg may be forced to sell more of his shares giving away his veto rights. When that happens, all of this will magically go away.
Well, in my experience: no. In Sweden where I reside and I'm sure in many other countries as well there have been regular surges of ads peddling a crypto-currency scam using fake interviews with well known celebrities as the hook ("I scored millions" etc). In 2019 I reported well over 70 of these ads and Facebook diligently reported that they investigated two (2) of these and found no reason to take action.
Now, the excuse I heard regarding these was that the scammers used some sort of dynamic links that detected and redirected depending on if the clicker was an fb employee or a sucker. But give. Me. a. Break.
There are reports of legitimate businesses being taken down by Facebook all the time. So which is it?
Are they this monopoly which does too much to cull businesses or is it too liberal to scammers? Well, it is both, as long as they can twist it to mean that "Facebook bad".