Meanwhile in DC

Facebook (META) has been without a single useful product innovation for at least half a decade—and arguably much longer.

Then, with mass censorship, they wiped out a huge portion of the one asset they did have. A social network.

Now, after the stock has declined more than 65% from its peak, it trades at a P/E under 11. That’s because Facebook is now a legacy ad-tech business akin to YellowPages dot com circa 2005—not a viral social media platform.

Facebook is no longer part of the venture capital rocket launched hyper-growth genre of stocks. Unless Zuckerberg steps aside, Meta will forever be considered a publicly traded private equity-style asset.

Fun fact: When the big tech platforms ban you, they keep peppering you with annoying spam emails anyway.

NEWS: Bank wires have started to complete the Twitter deal. Will be done ahead of tomorrows 5 PM deadline. Elon Musk and his partners will own Twitter. 🚨

@AliAlexander

It has been exactly 44 months since I was banned from Twitter.

It hasn’t worked.

https://youtu.be/704snSkRcjI

Her bio alone is grounds for termination

ICYMI - PayPal has reinstated its $2,500 fine for "misinformation."

@disclosetv

When is the last time that Facebook innovated a new product or feature that was greatly useful or enjoyable to their users? Not the ad buyers.

You can only pump an underserved user base for so long and ride the beta of more people in the third world getting access to the internet for the first time.

Devin Nunes’ profile says he has more than one million followers on Truth Social.

Take a look at the comments on his post from 12 hours ago. Truth Social is doomed.

https://truthsocial.com/users/DevinNunes/statuses/109237762187188865