Facebook has been coming under fire for promoting “fake news”.
The huge social network was pressured by the neo-liberal left deep state to censor news that harms the Soros “Open Society” globalist agenda, pushed heavily under the Barack Obama presidency.
Facebook folded to the neo-liberal agenda like origami, and decided to crack down on “fake news”.
It looks like Facebook founder Mark Zuckerberg is reaping the rewards for decisions made to crack down on “fake news”.
In the first two weeks of 2017, Zuckerberg’s net worth jumped by nearly $5 billion. This is the biggest gain of any person in the world.
Climbing ad revenues and a series of bullish analyst reports, are credited for Facebook’s shares inching closer to October’s all-time high.
Forbes has the details of the Facebook founders two week, $5 billion good fortune…
Zuckerberg, who owns 410 million company shares, has more than recouped the losses he suffered in the weeks following Donald Trump’s election, when his net worth fell 7% to $49 billion. He is now worth an estimated $53.8 billion dollars, according to FORBES’ real-time rankings of the world’s billionaires, and clocks in as the planet’s fifth-richest person; Zuckerberg trails only Bill Gates, Warren Buffett, Jeff Bezos and Amancio Ortega of Spain, each of whom holds a fortune of more than $70 billion.
Zuckerberg’s $5 billion surge vastly outpaces the gains of any other individual on the FORBES billionaires list, based on data compiled between the start of normal trading hours on January 3 and the end of normal trading at 4:00 P.M. EST on Friday, January 13.
Of course, Facebook’s spiking share price cannot be attributed to any single event, but the company has received a string of positive press as of late for its efforts to tackle the proliferation of fake news content on its site. On Wednesday it unveiled a new “journalism project,” with the goal of improving its relationship with the media and increasing “news literacy.” The initiative follows a previously announced plan to “[disrupt] fake news economics” by preventing abusive media outlets from using Facebook’s ad-placing technology.
Zuckerberg, who famously founded the social media giant as a 19-year-old Harvard undergrad, has watched his personal fortune consistently rise year after year. In 2016 he cracked the top five on The Forbes 400 for the first time, placing fourth behind Gates, Buffett and Bezos. If Facebook maintains its current trajectory, he may soon place even higher.
We completely agree with Forbes…if Facebook continues to play nice with the globalist deep state, censoring any opposing voices, then expect more positive “buy” stock analysis to propel FB to the valuation stratosphere.
Users on the other had are seemingly unimpressed with FB’s recent censorship business model, rating the social network as the sixth worst company in the United States.
Pissed off users, neo-liberal globalist darling…something has got to give.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.