Social Control Media as a Bubble: Facebook (Meta) is in Debt Greater Than the Company is Really Worth or Has in the Bank
- Dr. Roy Schestowitz
- 2023-07-29 23:25:19 UTC
- Modified: 2023-07-29 23:25:19 UTC
In the bizarre world of
Ponzi (Wall) Street, rich-by-obfuscation companies like GAFAM can even exceed in debt their
real worth; TWTR (Twitter) was one example of it because it's worse than worthless now. Here's
Facebook:
No wonder Sandberg
et al left.
So Facebook is in deeper debt than TWTR was in and
it is running low on cash (Microsoft's debt is similar to what it
claims to have in the bank and
Apple's debt is
twice as big as what it has at hand). Threads is also failing, just like Metaverse.
Debt economy is an economy wherein borrowings are gradually becoming like a "currency" rather than positive cashflow (buying one's own shares is just plain embezzlement).
Due to a name change some sites
get confused, but it would be funny
if the following was true too:
Incorrect numbers
Summary: The financial state of GAFAM (Google, Facebook, Amazon, Apple, Microsoft) isn't quite as the media makes it seem; there's lots of debt in the mix and market valuations are faked, based upon speculations or "pump and dump" tactics, with "mergers and acquisitions" being a cover for passing debt around
"Microsoft, the world’s most valuable company, declared a profit of $4.5 billion in 1998; when the cost of options awarded that year, plus the change in the value of outstanding options, is deducted, the firm made a loss of $18 billion, according to Smithers."
--The Economist, 1999