The woes of the crooked Left continue.
First, moderate and free-speech advocate Elon Musk buys Twitter, sending a shockwave through the Leftist-controlled social media world. And the first thing Musk did after acquiring the Gestapo-led social media giant was to cut the management team and reduce the staff by almost half.
So much for sending a shot over the bow. Instead, Musk torpedoed the previous ship, and already has a new one coming out of dry dock.
Still, Leftist carnage populates the landscape. Just look at the media changes over the past few months. Chris Cuomo gone. Brian Stelter gone. Don Lemon demoted and placed in morning news purgatory. Things are so bad for Leftist, fake news media even CNN relegated itself to reporting real news.
And for those not gone, look at their ratings.
MSNBC was down 20% from the previous report on their demise. Worse, the aforementioned CNN didn’t have a single show with over 1 million viewers. In fact, 624,000 was their biggest show.
But that’s not the only problem Leftists have.
Along with America recognizing fake news from what was previous known as journalism, we have also become hip to the how social media joined the Left.
As we all know, Zuckerberg poured $400 million to influence (cheat in) the 2020 Presidential Election. And while this provided cover for the real election thieves–the anti-Trump Democrats and RINOs–in the end, Zuckerberg’s bomb exploded in his hand.
Look at the carnage of Facebook, post-Trump.
In yet another sign of the Big Tech industry’s woes, social media giant Meta Platforms, Inc., the parent company of Facebook, is planning on laying off thousands of employees as early as Wednesday, according to the Wall Street Journal. This follows news that Twitter boss Elon Musk ordered wide-scale layoffs at his company last week, cutting staff by 50 percent from about 7,500 to 3,750. (Weirdly, there are reports circulating Sunday that he’s already asking some of them to come back.)
These will be the first large-scale terminations in the history of the 18-year-old company. Employees were told to cancel nonessential travel beginning this week, according to reports. While the percentage is expected to be lower than Twitter’s, it has a much-larger workforce (87,000) so the actual number likely will be higher.
18 years with no layoffs. 18 years of Leftists tormenting conservatives with no repercussions…until now!
Isn’t it fitting that on the heels of the red wave, Zuckerberg now faces the stark reality of what he’s done.
What he’s built? A woke machine assembled by a meth-head tweaker. All around him lie spare parts.
Meta CEO and Co-Founder Mark Zuckerberg understood his plight months ago. In June Zuckerberg said in a June company-wide meeting: “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”
Yes. Like all those social justice warriors who tweaked the algorithm to identify anybody with a brain (conservatives) and rid them from the site.
The WSJ explains how Facebook got itself into trouble:
Meta, like other tech giants, went on a hiring spree during the pandemic as life and business shifted more online. It added more than 27,000 employees in 2020 and 2021, and added a further 15,344 in the first nine months of this year—about one-fourth of that during the most recent quarter.
Not only is the company bloated, but they’ve taken some big bets lately that haven’t paid off. Mark Zuckerberg has reportedly wagered at least $15 billion (some estimates are as high as $70 billion) on the virtual “Metaverse,” but has yet to see widespread success. I reported in October that enthusiasm for Zuck’s digital world was so low that even his own employees were not interested in the “buggy” flagship metaverse app, Horizon Worlds.
Also contributing to Meta’s woes are increased competition from TikTok and an Apple Inc. requirement that users opt-in to the tracking of their devices. That rule has hampered social media platforms’ ability to target ads. From a personal standpoint, I’ve asked many under-25s about their preferences, and they almost universally snarl at Facebook, and increasingly, even at Meta-owned Instagram.
The outcome has been brutal.
Meta’s stock has dropped by a whopping 70 percent this year.
Facebook parent company Meta Platforms Inc forecast a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta’s stock market value, adding to the more than half a trillion dollars in value already lost this year.
Further, Facebook has lost $622B loss in market cap so far this year. Frankly If I were a Meta investor, I would ask the DOJ to oust Zuckerberg and install Trump. Because the numbers don’t lie.