So, Fakebook’s new commitment to “fighting online misinformation” doesn’t seem to be working out super great. Yesterday, Yahoo Finance headlined an article, “Meta [Fakebook] just suffered the largest one-day wipeout in US corporate history. Its valuation slumped by nearly $240 billion.” That can’t be good for business.

In other words, Fakebook lost more value in one day than almost all global companies have EVER been worth, at any time, in their entire histories.

Houston, we have a problem!

It wasn’t just one bit of bad news that spurred the selloff. Meta, Fackbook’s parent company, is a public company; as such it must fess up about bad news affecting its financial performance. Wednesday’s earnings report unhappily disclosed three major problems: (1) the company’s revenues shrank for the very first time, (2) its “metaverse” project lost $10 BILLION DOLLARS, and — this might be the most important one — (3) the social media company’s “active user base” SHRANK for the first time in the firm’s history.

And it didn’t just shrink just by a little. By a lot. The company reluctantly admitted to the loss of about ONE MILLION USERS between third and fourth quarters of last year.

Now I’m not one of those financial analysts but I’m thinking this can’t be good for business, all of this of course begs that we ask the question, “what could be behind the mass exodus of users? In order to answer these questions, we need to gain a little historical perspective, on September 16, 2021, approximately the start of the third quarter, the Guardian UK published an article headlined, “Facebook Steps Up Fight Against Climate Misinformation.” A couple months before that, in July, “Let’s Go Joe” mused out loud at a major press conference about Fakebook “killing people” by spreading vaccine lies. Fakebook, the governments lapdog got the message, mobilized the “brown shirts” and accelerated its crackdown on user speech after that.

But hey I’m no genius I’m sure it’s just pure coincidence the timing links between Fakebook quadrupling down on censorship and its shedding a million users, right? I’m sure the “users” LOVE being in Fakebook jail all the time, or at least, they don’t mind investing time and energy in a software platform but then having it randomly become unavailable for weeks at a time, right? On a side note, did you realize that the only times you’re labelled a “user” is either by the Social Media industry or drug dealers, just saying!

In another odd turn of events, yesterday, only one day after the “toilet flushing” earnings report, lapdog media, MSN ran an article headlined, “Why Biden has eased up on Fakebook over COVID misinformation.” I’m guessing some folks lost lots of money yesterday and want their senile president to get his boney hands of the neck of the Golden Goose!

To put all of this into context, keep in mind that this new “announcement” comes amidst all the noise about Joe Rogan’s podcast, and just after the dementia Joe hinted that Spotify should cancel the popular podcaster. Now, suddenly, after Fakebook’s abysmal earnings report, Biden is “easing up” on Fakebook, huh?
Now the odd part of it is that if you read MSN’s article, it doesn’t even quote Biden or any White House official. It just goes on and on about legal problems related to censorship, like the First Amendment and Section 230. Now the media is interested in the antiquated notion of “free speech?” Well, the article seems like an obvious plant, an attempt at damage control by a beleaguered White House, that’s taking on water and sinking fast, good riddance!