Why Doesn't This Company Go Down the Drain?
The Market Ticker - Commentary on The Capital Markets
2017-09-07 07:05 by Karl Denninger
in Company Specific , 416 references Ignore this thread
Why Doesn't This Company Go Down the Drain?
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Facebook has once again been caught cooking the books.

Let me remind you that under Sarbanes-Oxley all material aspects of one's quarterly and annual reports must be attested to as true and correct by the corporate officers.  Lies are punishable with prison terms, not fines.

Well?

Facebook told advertisers that the platform can potentially “reach” 41 million young adults between 18 and 24 in the US. Brian Wieser of Pivotal Research Group countered by pointing out that 2016 census data shows there were only 31 million people in that age range in the US. Similarly, Facebook claims it can reach 60 million people in the US between 25 and 34 years old. The census reports 45 million in that age group.

Of course Facebook claims that "reach" doesn't mean what it says.

Then again Bill Clinton didn't have sex with "that woman" either.... depending on how you define "sex", of course.

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User Info Why Doesn't This Company Go Down the Drain? in forum [Market-Ticker]
Mannfm11
Posts: 5407
Incept: 2009-02-28

DFW, Tx
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That's 100% participation plus. They censor anything right of CNN as well.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Thebirddog
Posts: 95
Incept: 2015-08-06


Banned
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KD wrote..
Why Doesn't This Company Go Down the Drain?

In one word: Zuckerberg

Understand who and what he is and all will make sense.
Jpg
Posts: 437
Incept: 2009-03-23

MI
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Why?

Because they're part of the Ministry of Truth.
Snooze
Posts: 3037
Incept: 2007-07-09

florida
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All FB has to claim is they are including the illegal body count in their supposed reach. They problem with lies is they never stop unless you stop the liar.

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Wealth is found in the warmth of the sun, in the coolness of moist soil, in the taste of fresh air, and in the pulse of your heart. Plant a seed and harvest your riches.
Nadavegan
Posts: 31
Incept: 2017-05-03

The South
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"In one word: Zuckerberg

Understand who and what he is and all will make sense."


I don't get it.
Asimov
Posts: 109479
Incept: 2007-08-26

East Tennessee Eastern Time
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I guess the census is just wrong then!

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It's justifiably immoral to deal morally with an immoral entity.

Festina lente.
Bagbalm
Posts: 5281
Incept: 2009-03-19

Just North of Detroit
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I do have to say I belong to a closed writing group on FB that has people from Finland, Canada, Bangladesh, Australia and Japan just from memory It may not be typical however.
Aquapura
Posts: 649
Incept: 2012-04-19

South of Canada
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So roughly 132% participation??!! I'm no mathematician but not sure how you can get more than 100% of a defined group to participate. Were I an advertiser on Facefart this would be a full stop, exit stage left moment.
Mangymutt
Posts: 435
Incept: 2015-05-03

Vancouver WA
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If what I have read is true, in some areas of the country Hilary Clinton got more votes than there were registered voters.

Just think if SuckAberg really is planning on running for president he could get close to 185% of all votes.
Vernonb
Posts: 1882
Incept: 2009-06-03

East of Sheol
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Quote:
Then again Bill Clinton didn't have sex with "that woman" either.... depending on how you define "sex", of course.

Also depends on how you define 'woman' too. Considering the Clinton causes and affiliations one never quite knows what Clinton might be making out with these days. -lol.

On a second note .... who has been teaching all these dogs and cats how to write and setup accounts? Farcebook was framed I tell ya.

/sarc off


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"Mass intelligence does not mean intelligent masses."
Jamesred
Posts: 31
Incept: 2017-08-18

NY
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There must be more illegals than we think...
Aztrader
Posts: 7817
Incept: 2007-09-10

Scottsdale, AZ
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Where else can the NSA, CIA, FBI get so much free info on Americans............
Eli
Posts: 8594
Incept: 2007-09-10

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Karl you got it, the reason that Facebook still exists and is a gazillion dollar company is because open fraud and deceit is how this country works.

Elon Musk is a genius too! His company has made so much money.

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If you want a vision of the future, imagine a boot stamping on a human face - forever.
George Orwell

Bagbalm
Posts: 5281
Incept: 2009-03-19

Just North of Detroit
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Aztrader - I'd expect them to sell you out to anybody.
Gmh
Posts: 36
Incept: 2008-10-05

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People are willing to believe anything.
Eli
Posts: 8594
Incept: 2007-09-10

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To my point why is this scumbag Menendez still walking around like he his an honorable person? He also likes underage prostitutes, but he paid them off.

Why is this not bigger news? No one gives a **** anymore.


http://dailycaller.com/2017/09/07/msnbc-....

http://www.nydailynews.com/news/politics....

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If you want a vision of the future, imagine a boot stamping on a human face - forever.
George Orwell

Smacktle
Posts: 1833
Incept: 2009-01-20

Texas
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Don't people have more than one account? Aren't there pets with accounts? That could explain the over inflated numbers?

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Xkn
Posts: 54
Incept: 2011-04-30

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If you look at FB, GOOG etc. as a publicly-traded intelligence agencies there is a moment of instant clarity. They are too important to fail. Not only as a intelligence gathering entities, but also public-opinion-influencing entities, by controlling and even censoring the information flow. FB knows this. A little bit of financial malfeasance is not something they would get dinged for - ever.
Patriarch
Posts: 1176
Incept: 2007-10-18

your account summary
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Because... (quotes from other sources)

When people don't tell you the truth what they really are saying is they don't value you or their relationship with you enough to be honest.

Facts are threatening to those invested in fraud.

Honesty is love but deception is hatred.

Deceit protects greed.

So, in summation, Zucker.... and our elected 'leaders' in reality HATE us and are greedy for our life products that they can legally steal. Morality, ethics, social contracts, just words on their toilet paper.
Get in shape, say Hello to your neighbors, form real friendships, eat and sleep well, tell those close to you that you love them (and often). Deny these entities your time, money, and concern. Get really good at at least one thing, and enjoy it.

God Bless

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Our elected take an oath to serve. Time to add: I will not serve in a capacity which I am not able to comprehend or am incapable of by mental defect of any kind, nor will I use the excuse of intellective deficiency if found in violation of this oath/affirmation, which backs charging wayward politicians with treason.
Ktrosper
Posts: 3287
Incept: 2010-04-06

ft collins co
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Thebirddog wrote..
In one word: Zuckerberg

Understand who and what he is and all will make sense.

enlighten us, please.

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
Bagbalm
Posts: 5281
Incept: 2009-03-19

Just North of Detroit
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Smacktle - "Don't people have more than one account? Aren't there pets with accounts?"

Indeed I know one fellow who has an account for his miniature horse. We are amused by what ads are directed at her.
He had the cable guy in recently and the horse came to the sliding glass door and let herself in. She wears kids tennis shoes when she's allowed in the house and had her rainbow shoes on. He yelled at her because she will always leave the door open if you don't make her go back and close it. The cable guy was worried he was hallucinating...
I have some weird friends.
Tdurden
Posts: 545
Incept: 2015-01-29

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Our cat has his own page. I'd open one for every miniature goat in the goat farm down the road if I thought it would hasten the collapse of that fraud.

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"I'd like to live just long enough to be there when they cut off your head and stick it on a pike as a warning to the next 10 generations that some favors come with too high of a price." -Vir Cotto Babylon 5
Ponzi_unit
Posts: 9172
Incept: 2007-09-05

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This is like 3, 4 & 5 in dog and cat years, so probably right.

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Taxpayers witnessed a crime and stayed around long enough to get charged with it.
Quik49
Posts: 4000
Incept: 2007-12-11

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Can we add exifax to the list?

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Long Vaseline....

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