Tag Archives: Mark Zuckerberg

Is Facebook Too Big To Fail?

Facebook Stock Slide

With an initial public offering of $38.00 a share, a high of $45.25 a share, and a low of $18.75 per share, Facebook’s stock has been as rocky as a soap opera love affair. Today’s trading shows the current price per share is $19.44. However, with this slide, comes the calls for the company’s CEO and majority stock holder Mark Zuckerberg to step down. For some, it’s rather easy to gloat in the downturn of those who they perceive to be “well off” or “rich”. I however marvel in the fact that someone can take what seems to be a simple idea (sharing pictures, ideas, lives), apply the idea to a system that’s already invented (computer, internet), and turn it into a multi-billion dollar company. It really signifies the American dream.

Let’s be frank, any of these internet companies that are webpage centered make their revenue from advertising dollars. Whether it’s Facebook, Drudge Report, The Blaze.com they all have one product they sell for profit, advertising. Something of interest happened just days before Facebook’s IPO. U.S. Government owned General Motors, pulled it’s advertising from Facebook, a really suspect move. Some conservative media outlets picked up on the story, however not much was really ever made of it, it didn’t get a lot of air time in the national media.

I’m going to switch gears for a moment, (stick with me, I promise, this all ties together). Progressive insurance has a “wonderful” invention they use for information gathering called the ‘Snap Shot’ Discount. The idea that the consumer is sold, is, “you’re going to save a bundle of money on your car insurance”. What really is happening is all of your driving habits are being digitally recorded. Some say, “well, what’s wrong with that?” I’ll tell you. It may start ok, you know the recorder is plugged into your car, and you drive accordingly, but, after a short while you will forget that it’s there, it’s just human nature, and then every time you go above 65 mph, it knows. Every time you lock up your brakes, it knows. Every time you take a corner hard, it knows. Every time you drive at odd hours, or long distances, or in bad neighborhoods, it knows. What Progressive is really doing is data mining, you. The Snap Shot device is really like having a drone follow your every move, if you knew who the CEO of Progressive, Peter Lewis, is, then you understand why this device is so popular with the company. He is a huge progressive liberal who supports a lot of left-wing pet projects.

Now imagine, the Federal Government had the capability to do the same thing that the Snap Shot device could, and so much more. Would that concern you? With the U.S. Government bailout of GM and subsequent bankruptcy, the Government acquired something else, On Star. On Star is the Snap Shot device, on steroids. On Star can roll down your windows, shut your car off, start your engine, unlock all your doors, shut off your fuel pump, shut down your fuel injectors, apply your brakes, all layered on top of the fact that it knows all of your driving habits. It seems the government has liked having these new-found powers because as of 2015 all new vehicles to be sold in the U.S. will have black box technology on board. This of course is sold under the guise of making cars safer, helping in accident investigations, and the like. However, do you think insurance companies were extremely interested in having this law passed? Of course. Insurers have three methods to impede claims payment, deny the claim, delay the claim, or litigate the claim. Picture this, you were in an accident. Your car was totalled. You believe you were operating the vehicle like a responsible adult, however you were going 7 mph over the speed limit, and you were a little slow on hitting the brakes. Sorry claim denied, and you gave the insurance company the evidence against you; willingly. The insurer sees you as a liability, so they drop you from the company.

Essentially your life is an open book, and your privacy is getting smaller as government is expanding exponentially.

As with the data mining that can be done through your vehicle, the grand daddy of all voyeurs is Facebook. If you are a member of Facebook I’m not telling you anything new. It absolutely amazes me how much a person will share voluntarily on their Facebook webpage, let alone all the info they want to set up your page. I believe Facebook is on a path to government ownership, and that’s a vastly more disturbing proposition. If you use Facebook mobile, it knows where you are, when your online, who you message, who and where all your friends live, where you shop, and through tagging it knows who your with. It is a totalitarian governments dream.

This is just a hypothesis of mine, I do not ask anyone to subscribe to it, however I do ask that you ponder it. I am not apt to believing in conspiracy theories. Like many, I am a well grounded thinking man’s type of guy. I am however, a war gamer.

Facebook had a slew of IPO problems, such as the initial stock price appears to have been inflated, then it had a few trading glitches, and now we find out George Soros has invested. The stock continues to slide, which triggers the carnival barkers in the liberal media to call for Zuckerberg to step down. The issue is this, any market can be manipulated, similarly, any stock can be manipulated, there’s a lot of psychology involved. The stock’s sale was manipulated, through investment house rules. Only certain “investors” were permitted to purchase. People with a lot of sway and power can in fact move markets, just ask currency killer George Soros. It all really reminds you of the end of one of the great modern classics, “Trading Places“. In the movie, Eddie Murphy’s character and Dan Akroyd’s character get their revenge on a couple of men who were manipulating their lives over a bet of $1.00. The trading scene at the end shows how the technique can be done. Buy low, and sell high. They bought a very large amount of orange juice futures and drove the price through the roof, then just when the time was right, they sold. Sell, sell, sell! In the process, they made a ton of money!

If you think a Facebook bailout can’t happen, look to GM, Chrysler, AIG, Banks and Investment firms. Five years ago, we would have said these bailouts would never happen. But they did.

There are certain governmental factions that would love to be able to data mine Facebook all day long everyday. (They may already be doing so.) We live in the new age of no rules for government.

What would a Government Sponsored Facebook look like? The very first thing that comes to mind is, say goodbye to privacy and the need for a warrant to search your person. The government would already own your data that you shared with them, or at the very least, they would have incredibly easy access to it. And you can stop posting any thing on faith or anything that points out Islam’s faults or hypocrisies. Because a government sponsored Facebook would be “neutral” on religion. And don’t think about putting together a charity event to feed the homeless, or to hand out drinking water, or to house the homeless, because government doesn’t like the competition for their welfare programs. If you think it’s censored now (and I do) wait till it becomes yet another government entity. And just think how it could be used to implement and administer Obamacare rules and regulations. A picture of you with a cigarette in your mouth could have you paying a higher penalty, or tax, I’m not sure what they’re calling it today.

I know it sounds like something that could never happen but, we live in a world and a country that has transformed over the last 3.7 years into something almost unrecognizable to Americans.

All of this begs the question, is Zuckerberg being set up for failure by those who are making gains on his brainchild? Is America being set up for yet another purchase of a private company?

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The Launch of New Dreams: Will They Fly or Will They Crash?

Facebook CEO Mark Zuckerberg

On May 18, two significant news events happened on the very same day, Mark Zuckerberg’s Facebook offered up its initial stock offerings to the public to much media hype, and Elon Musk’s SpaceX planned for the initial launch of its Dragon Spacecraft to deliver the first cargo from a civilian space company to ever be deployed to the international space station, a feat only a few world governments have done successfully.

The Zuckerberg and Musk dreams of business success look like opposite sides of the coin to this observer. On the one hand you have the social media giant Facebook, which everybody seems to be using now to communicate with each other and to share photos, stories and what have you. And that’s great. On the other hand, is anybody still using MySpace? Social media is changing so rapidly, it’s hard to tell whether or not one particular website will remain profitable. After all, does anyone ever click on those FB ads? Most of my friends have anecdotally told me they have ad blockers on their machines, so they never see the ads. So how is Zuckerberg and Co supposed to make a profit if nobody looks at the ads?

Facebook might be a huge success, or it may go away like the dot.com debacle years ago. Now there are congressional investigations planned to determine whether or not there have been any funny business going on with that IPO. In fact, according to SeatlepI.com, two panels are being launched to investigate whether or not Morgan Stanley underwriters selectively informed shareholders of the companies negatives. Several shareholders are suing, alleging that IPO documents contained false information and omitted important facts about the company. Not a good way to start.

Admittedly, SpaceX got off to a rocky start too. They canceled their scheduled launch May 18, because one of the engines failed to ignite. Bummer. But that happens

SpaceX CEO Elon Musk

sometimes. Let’s face it, it really is rocket science. The launch was successful on the 22nd of May however and the spacecraft is on its way to its rendezvous with the space station. There will be a few tests going on in the meantime to ensure that the Dragon can successfully couple with the ISS, but things are looking good so far.

Both of these brilliant young men are billionaires, which shows that anything is possible if you have a dream and can market it. But to date, Zuckerberg has one successful company, and Musk has several. He launched what we now know as Paypal, he is the CEO and technical architect of Tesla Motors where he designed the first viable electric car of the modern era, the Tesla Roadster, and other accomplishments. Musk’s achievements seem more tangible than a social media webpage. I mean, really, he is sending rockets into outer space, how cool is that?!

I wish all the luck and success in the world to these young entrepreneurs. But my money is on SpaceX. He dreams big and he acts on the dreams. By all accounts he had drawn many of the best and brightest to help him in his endeavors. His dreams are something we can all glom onto, and they are exciting, transforming the impossible, into the possible, and stretching the envelope. Going boldly where only big government has gone before.

At the end of the day, I think Elon’s dream is big enough for all of us, and Mark’s dream may just be a passing fad.

What the obama Administration Has Taught America

Facebook Inc.’s $16 billion initial public offering has made Mark Zuckerberg the 29th richest carbon based life form on Earth. Facebook provides entertainment and a fun way to spend your leisure time. America should love Zuckerberg. Whatever happens, do not ever criticize him for not paying his fair share of taxes…he’s cool in the administration’s eyes and they’re down with whatever he does. Heck, he might even turn out to be as cool as George Clooney.

According to the Securities and Exchange Commission (SEC), the top three U.S. oil companies alone paid $42.8 billion in income taxes in 2010. Ignore that fact and describe them as evil billionaires who don’t pay their fair share. After all, the petroleum, coal and natural gas industries all provide cheap energy to America, which stands in the way of implementing the administration’s agenda to fuel America with recycled unicorn poop.

It’s OK for the New Black Panthers to stand in front of polling places, wearing uniforms, wielding clubs and intimidating white voters with taunts of “now you’ll find out what it’s like to be ruled by a black man”. It’s also OK for Eric Holder, who publicly said: “I am not the tall U.S. Attorney. I am the black U.S. Attorney” to drop all charges against them.

It’s not OK for a “white hispanic” to defend himself from attack by someone who’s black

Tea Party demonstrators, who obeyed the laws, obtained permits, and cleaned up after themselves when they peaceable assembled to petition their government for redress of grievances are violent, racist extremists who should be monitored by the Department of Homeland Security as potential homegrown terrorists.

Occupy Wall Street, who squatted on public and private land for weeks at a time without permit, cost cities across the nation millions in clean-up and other costs, engaged in rape, drug use, public sexual acts, attacked police, destroyed property and generally disrupted the normal flow of life are great patriots. They deserve the public support of Barrack Obama, Joe Biden, Nancy Pelosi, the DCCC, Elizabeth Warren, Barney Franks, Debbie Wasserman Shultz, Charlie Rangle, Dennis Kucinich, et al. As Nancy Pelosi said: “God bless them, for their spontaneity. It’s independent … it’s young, it’s spontaneous, and it’s focused. And it’s going to be effective.”

When kids are failing in school after being subjected to exposure to incompetent teachers who couldn’t teach a dog to bark yet can’t be fired because they’re protected by unions, lower testing standards. The possibility of hurting a student’s feelings by giving them a failing grade couldn’t possibly pass politically correct, everyone has to feel good about themselves at all times muster.

If you’re a kid who wants to hold a bake sale, open a lemonade stand or engage in similar activities which demonstrate initiative, ambition or a desire to utilize the free market in order to better yourself, you must be trained to first beg permission from the government. And boys and girls of all ages, don’t ever forget broccoli is good for you and snack cakes, candy bars and chips are bad. Since you’re too stupid to make the proper decision, government is going to enact legislation that deprives you of the right to choose.

Whenever “progressive” politicians are caught in an outright lie about where they were born, their bloodlines or military service rendered it’s due to a clerical error. If criticism persists, blame someone else for each and every one of your failures. When all else fails, play the race card.

http://mjfellright.wordpress.com/2012/05/18/what-the-obama-adminstration-has-taught-america/