Facebook shares plummet after FTC announces massive probe into Big Tech antitrust violations, censorship
06/05/2019 / By Ethan Huff
The first fruits of the Trump administration’s long-awaited crackdown on the monopoly held by Big Tech are finally beginning to ripen, and Wall Street is certainly taking notice.
On Monday, June 3, after it was quietly announced by The Wall Street Journal (WSJ) that the Federal Trade Commission (FTC) has been given the green light to launch a much-needed antitrust investigation into Facebook, just like President Donald Trump promised, Facebook shares reportedly plummeted a whopping nine percent during midday trading, shaving a cool $6 billion off of Mark Zuckerberg’s net worth.
The FTC had previously indicated that it’s already in the process of imposing a huge fine on Facebook for its well-known data privacy violations. But now, the regulatory agency is reportedly getting all of its ducks in a row to go after Facebook for engaging in all sorts of other monopolistic behavior, including censoring conservatives and Christians on its platforms.
Similarly, Google, Amazon, and presumably many other tech giants, are also on this investigatory docket, as all of these companies are likewise guilty of betraying the public trust by flagrantly violating the First Amendment rights of users, among other online crimes.
“Jurisdictional agreements between the FTC and Justice Department don’t assign one agency the right to oversee one company for all purposes,” the WSJ revealed about how things are slated to proceed.
“Instead, the two antitrust agencies clear each other to work on specific issues. Both the FTC and Justice Department, for example, in the past have conducted oversight of issues related to Google and Amazon.”
For more stories about how Big Tech monopolies like Facebook and Twitter are censoring content they don’t like in violation of the First Amendment, be sure to check out Censorship.news.
DOJ and FTC have plenty of witnesses to speak with, including Big Tech employees who’ve come out as whistleblowers exposing the Tech Cabal’s digital crimes
It certainly won’t be difficult for either the DOJ or the FTC to uncover the truth, especially when Big Tech employees are increasingly coming forward to spill the beans about what they know.
Mike Wacker, a software engineer at Google, recently published an eye-opening exposé about how Google is basically run by far-Left “outrage mobs and witch hunts” – meaning the search engine giant targets and punishes anyone whose views don’t align with the prevailing Left-wing political and social narrative.
“These outrage mobs against ‘hate’ have become honeypots for toxic, hostile, and uncivil discourse,” Wacker explains on his blog.
“While some of their rhetoric is so outlandish that you have no choice but to laugh it, the psychological effects that these outrage mobs have on their targets is nothing to laugh about,” he adds.
There’s a similar toxic climate of hostility and uncivil discourse at Facebook as well, where having any “politically incorrect” viewpoint not only about politics, but also health and medicine, can get you banned from the platform.
This is why CrossFit Inc. recently announced that it will no longer be using either Facebook or Instagram, which is now owned by Facebook, due to the Silicon Valley behemoth’s anti-free speech policies.
“Facebook’s action should give any serious person reason to pause, especially those of us engaged in activities contrary to prevailing opinion,” reads an official public statement issued by CrossFit.
“Facebook’s news feeds are censored and crafted to reflect the political leanings of Facebook’s utopian socialists while remaining vulnerable to misinformation campaigns designed to stir up violence and prejudice … Facebook censors and removes user accounts based on unknown criteria and at the request of third parties including government and foreign government agencies,” the statement goes on to say.
For more news about what President Trump and his administration are doing to crack down on Big Tech censorship, be sure to check out Trump.news.
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Tagged Under: Amazon, anti-trust, antitrust, Apple, Big Tech, Censorship, corruption, CrossFit, Department of Justice, DOJ, Facebook, Federal Trade Commission, First Amendment, free speech, ftc, Google, Instagram, mark zuckerberg, misinformation campaigns, monopoly, outrage, outrage mob, Pinterest, plummet, politically corrrect, President Trump, shares, social narrative, tech giants, toxic climate, Trump, Twitter, uncivil discourse, violations, YouTube, Zuckerbert
