Ahead of Facebook’s quarterly earnings call, RFOB has compiled an Investor Guide to give shareholders a snapshot of the kind of returns they can expect on their investments. This quarter for Facebook...
(See the full report here: rb.gy/d8stza)
Insurrection: “Facebook allowed far-right groups to organize in Facebook groups, despite repeated warnings culminating in an attempted coup when Trump’s supporters stormed the US Capitol with the mission of taking elected representatives hostage and overthrowing the gov.”
Australia: “In an effort to strong-arm a democratically elected government, the company turned off access to all reputable news content with the hope of reversing legislation that would require the company to negotiate payment deals with news providers.”
533m Breach: “Info from 533m Facebook users was exposed by hackers. Credit is due to the internal public relations team for keeping it quiet, the global policy team for failing to notify regulators and the executive team for taking the decision not to notify users."
Overstating Reach: “In recently unsealed documents, it was revealed that senior executives knowingly “overstated how many actual real people we have in certain demos.” Or as another employee put it “Facebook lies about its user #’s to get record profits.”
Punishing Employees: “Former employee Sophie Zhang came forward to provide evidence to show Facebook has built-in loopholes to protect dangerous world leaders and allowed them to spread harmful content through fake engagement.”
Reasons to buy: If you’re happy to be making hefty returns by investing in a company used to attempt a coup, silencing workers, and allowing the personal info of 533m people to be taken and shared an infinite number of times without consent then Facebook is a definite BUY.
Reasons to sell: Headlines and negative press coverage are now global and constant. Facebook's public credibility rating, already low, is dropping fast. Financial exposure from regulation and possible fines remains high. If this concerns you, SELL.
Read our statement on our new "Investor Guide" here⬇️
rfob.medium.com/rfob-releases-…
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