$Meta Platforms (META.US)$ [Share Link: Facebook’s Sheryl Sa...
This isn't going to go away. That article is from 2021.
How many millions of people have 401ks etc that have retirement stakes in Facebook? I asked AIchatbot to see if it could find out how bad it might be:
" A stock crash of Facebook would primarily affect Facebook's shareholders. For example, past incidents like the Cambridge Analytica scandal and disappointing earnings reports have led to significant drops in Facebook's market value, with losses reaching up to $119 billion in a single day"
If you have thousands or more at risk from your investment into Facebook, I challenge you to watch some footage of lawmakers interviewing Zuckerberg in hearing etc.
What is the main takeaway? The lawmakers frequently demonstrate a SEVERE lack of understanding of social media, often confusing the social media companies with others.
Regulation is still way behind modern practices, and has been almost since the beginning of the internet.
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