Facebook and Twitter stocks tank as users and advertisers abandon the platforms.

Some similar and inconvenient stock numbers to report.

FYI I recently moved to Parler given how I’ve apparently been “shadowbanned” by Twitter, and you can find me there @wattsupwiththat

Facebook and Twitter stocks dive as Unilever halts advertising (CNN)

The backlash?
Facebook Tightens Controls on Speech as Ad Boycott Grows (WSJ)

Translation: Conservatives will be targeted. Don’t be surprised if Twitter suspends Trump’s account just before the election.

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162 Comments
markl
June 29, 2020 11:27 am

The only way to fight news and social media bias is to not use and ignore the offending platforms.

CD in Wisconsin
June 29, 2020 11:28 am

Mark Zuckerburg loses $7 billion in the face of advertisers pulling out of Facebook. But he is still worth over $82 billion according to the link below. No sympathies here.

https://www.msn.com/en-xl/finance/topstories/zuckerberg-loses-247-billion-as-firms-boycott-facebook-ads/ar-BB161WRM

leowaj
June 29, 2020 11:36 am

Keep in mind that this is dump is caused by the SJWs leaving the platforms, not because of backlash from the general population or a large conservative base.

The exodus of users and cash is triggered by SJWs declaring these platforms not far enough to the left.

Nohbody
June 29, 2020 11:39 am

Just a word of advice: You may want to go back and *carefully* read their terms of service. The deal-breakers for me were the bits where I was required to provide personally identifiable information (telephone number to register, and government-issued photo ID to access DMs) along with being required to compensate them for any legal expenses that may arise from what I post.

MikeP
June 29, 2020 11:55 am

I am an inactive facebook user, but my wife is an extensive user. Any alternatives out there? If so, possibly she and all her friends would switch.

Curious George
June 29, 2020 11:59 am

Cambridge University professor Priyamvada Gopal recently tweeted: “I’ll say it again. White Lives Don’t Matter. As white lives.” She has just proudly announced that she has been promoted by Cambridge.
https://www.forbes.com/sites/evangerstmann/2020/06/26/white-lives-dont-matter-academic-freedom-and-freedom-of-speech/#49b09c7e3823

sycomputing
June 29, 2020 12:02 pm

Don’t be surprised if Twitter suspends Trump’s account just before the election.

A test ban run compliments of Bezos:

https://www.foxnews.com/media/jeff-bezos-twitch-temporarily-bans-trump-for-hateful-conduct

NickSJ
June 29, 2020 12:05 pm

Trump should take the initiative and move from Twitter to Parler, taking his millions of followers with him. That would provide the critical mass for conservatives to all make the move, leaving Twitter with just the left side of the political spectrum.

M__ S__
June 29, 2020 12:18 pm

I moved, too. And I hope more of my friends do as well.

Killer Marmot
June 29, 2020 12:24 pm

I tried to register on Parler but I don’t have a cell phone, and that seems to be required to verify new accounts.

icisil
June 29, 2020 12:35 pm

Parler doesn’t let non-members view members’ posts, like twitter does, so it’s useless to me, unfortunately.

Komrade Kuma
June 29, 2020 12:41 pm

Good riddance to all of those platforms I say, they are just the Thalidomide of free speech. If Trump’s ravings are the benchmark for free speech, best we all just shut the EFF up or get creative and write songs as the vehicle for the sort of brain dead, party line stupidity he, the KKK/NRA, The Sqawk Squad, Pelosi or most of the MSM vermin packs peddle, i.e. pitching not to logical, sensible argument but to mob chants and vilification. Both sides are equally to blame IMO.

There is enough ideological bandwidth here and at most sijmilar sites posting comments to satisfy ‘free speech’ with effective ‘policing’ but tolerating contrarian voices. The world just does not need the excrement uber-factories that the megafauna of the internet have devolved into.

In the case of Facebook, Zuckerberg’s starting point was a site where khi-kappa-alpha dribbledicks could post ‘f&$#ability’ ratings of females at university as they fantisised about ones who were too intelligent to even think about hanging out with them on a cold, wet, miserable night, the sort of so and sos that make said females becoming an amazon lesbian a sensible and quite reasonable alernative. Facebook has basically devolved from there, facilitating more and more vile, antisocial vitriol in its crevices as it sucks the life out of the real media and turns people from a path of civil rationality to ‘the way of the blowfly’.

A C Osborn
June 29, 2020 12:42 pm

Good.

June 29, 2020 12:51 pm

Yes!! good news.
Trump just needs to make sure Parler could cope with the influx, then make the switch.

((((((BOOM))))))

J Wurts
June 29, 2020 12:51 pm

RE: Parler

When I clicked on Anthony’s Parler link at the of this post it opened a “Log In or Join” page, not to WUWT page. Apparently one needs to be a registered member of Parler before being able to access anything posted on Parler. Not a good business plan. I can read Twitter & Facebook pages without joining either, but not Parler.

I believe that there are more lurkers than members on Twitter & Facebook and if Parler doesn’t allow any lurkers it will significantly diminish it’s impact.

Am I wrong?

Jack

June 29, 2020 12:53 pm

These tech Billionaires are playing with fire by coddling the Left and their militant Bolshevik elements.

“Protesters set up guillotine in front of Jeff Bezos’ DC home: reports”
https://www.foxnews.com/us/amazon-jeff-bezos-guillotine-dc-protests

While these tech billionaires may have tons of armed private security for their own personal protection, protection that the Louis XVI and Marie and the Romanovs never had, that doesn’t mean the Bolsheviks won’t burn down their social media empires if given the opportunity.

Greg61
June 29, 2020 1:01 pm

I moved to Parler as well. If you were on Twitter and feel you need to keep in touch – go to Twitchy.com. They cover anything interesting that’s happening on twitter and you don’t need to give Jack any clicks. (This is mostly US based but they do cover other countries as well)
To date Parler has attracted many great people, I find going there to become engaged in current events great, and visiting Twitchy makes sure I’m not missing anything. I don’t visit any news sites, they’re garbage, national, local whatever, they’re garbage.

commieBob
June 29, 2020 1:14 pm

The telephone company and the post office are not responsible for what I communicate using their services. If I break the law, it’s the legal system’s job to deal with me.

Working hard to be anything other than a common carrier is going to backfire on the social media. Their best, most trouble free, strategy is to become a public utility. link

Lots of people want the social media to censor content to an extent well beyond what the law does. It’s part of SJW cancel culture.

Scott Adams was just talking about a well armed couple defending their suburban property against a bunch of rioters and looters. The rioters and looters wisely decided to go elsewhere. In that light, I suspect we’re going to see the culture wars notch up a bit. The SJWs will then be confronted by the fact that they aren’t actually supported by the majority of Americans.

Al
June 29, 2020 1:14 pm

Remember to remove the “fbclid” tracking from outbound links from Face.

Alternatives to Twitter?
Gab.com is much better than Twitter.

On Parler.com same opinion.

Alternatives to Facebook?

vk.com is excellent

https://wego.social/ is even better.

John Boland
June 29, 2020 1:16 pm

One mans hate speech is another mans free speech. Move over MySpace, here comes Twitter and Facebook. Funny thing is, they were already dying anyway…Kids see those platforms as only for old people.

June 29, 2020 1:37 pm

Twitter restricted Sidney Powell’s account this morning. She is LTG Flynn’s attorney who just won the writ of mandamus. She never posts anything remotely offensive.

Not a good look for Twitter, with AG Barr explicitly looking into the matter.

Harry Davidson
June 29, 2020 1:51 pm

I am not quite sure why Basefook is so worried about what they call ‘hate speech’. It is simply not a platform that Millenials use (except for clubs), they regard it as a platform for the un-cool.

What he is doing, excluding conservative content, will annoy the older people who are his subscribers and are far more right wing. It seems to me he is getting carried away with the woke sentiment in his offices, without thinking about his customer base. OK, his big advertisers are making a fuss, but they will leave anyway if he loses his middle aged and elderly base.

Parler will not replace Basefook or Twatter, you have to sign up to view content, be logged in to view content, so they can track what you are looking at. That won’t fly.

KwiSceptic
June 29, 2020 2:31 pm

I would love to see Trump tweet that he is moving over to Parler. It’s no good just disappearing off Twitter and then reappearing on Parler because millions of his supporters probably don’t know that Parler exists. So he needs to advertise Parler specifically in an actual tweet. That will send a global message that a growing alternative to Twitter exists.

Then the fakestream media will start monitoring his Parler messages (“Parlays”) and the platform will grown from there.

Kevin kilty
June 29, 2020 2:33 pm

Most social media is a scourge, and that connected to old school media is especially bad. Last evening I decided to follow someone’s link to the Atlantic at which I read an article about their worries over Constitutional rights in the COVID panic. They are blissfully unaware in their role in promoting panic, and in the erosion of civil liberties.

Anyway, this article had at its footer, another about how the filibuster is a remnant of segregation and must go. Golly what a tendentious essay. It was wrong on the history of the filibuster. It overlooked its importance and the good it manages to accomplish. It was written so carefully to avoid mentioning that those “southern politicians” who used the filibuster to thwart civil rights legislation were Democrats. The one politician who was shamed in the article was Rand Paul, who used procedure to kill an “anti-lynching” bill because he is concerned the bill is written far too broadly and could define a “lynching” as practically anything. It was journalistic malfeasance by omission and tried to paint Paul as a segregationist. Of course it was written by a former Obama speech writer.

I was pretty disgusted and was invited to give the Atlantic some feedback by way of a letter to the editor. But the fine print showed that they reserved the right to “edit” my letter, and provide my city of residence. I had a bad experience with Science magazine editing a letter of mine three decades ago. The need to edit is born of the need to discredit. The old fashioned way to censor. Liberal media and now social media — villains all.

June 29, 2020 2:43 pm

I don’t know whether to laugh or cry, since I’ve been calling for Facebook to be boycotted for over 10 years and so few listened.

They’re exposing their naked woke leftist fangs?

What will it take for you to FLEE THE ZUCKERBEAST?

https://boycottfacebookblog.blogspot.com/