And all that because of FB revelations. How does that concern Apple or Amazon etc.? What are investors thinking?
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Not sure about Apple but Amazon mines ppl personal info also.
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…FAANG makes nothing…virtual products have real losses…who's the dummies?…
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They make $$$ off licensing, user fees & advertising dollars (data mining). FB is exposing the obvious. Google plays the same game using app permissions to gather data & searching emails, docs, videos, profiles for advertising opportunities. Whistle-blowers must show violations.
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…Googles silence is deafening…
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They didn’t lose $260 billion in market cap... the investors did
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Hit them where it hurts, their profit margin!
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Silicon Valley’s digital monopolists are finally meeting their natural destiny - regulated existence because they grossly abused consumer trust as well as attempted to sabotage American democracy. Now not even the analysts can save their bogus valuation from the wrath of reality
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Don't count your chickens. They still have politicians in their pocket. They bought Obama, they targeted Gillebrand & Kamala Harris (fundraising leader in Silicone Valley), & a republican lead FCC under Pai won't be eager to add regulations. Both parties are not likely to do it.
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Cable & Satellite companies also violate user data privacy using similar methods but get away with by saying its on meta-data, sane excuse NSA uses. Cambridge Analytica whistle-blower says that's obvious false, they mine individual data not the aggregate which is less valuable.
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A crash is imminent. Better stock up.
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Guess where they’re going to go... I still buy Amazon though, it’s a completely different game!pic.twitter.com/IxVnNctmMd
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Good. They should lose more.
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Tech is being defanged looks like
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