In 2021, then-President Donald Trump voiced his support for an all-out ban on the wildly popular social media app TikTok. 

TikTok has become very popular with young people, in particular, as it allows them to pump out new content rapidly in the form of brief and eye-catching video clips. 

However, using TikTok comes at a price, given that its parent company, Bytedance, is Chinese and has direct ties to the communist Chinese government. 

Moreover, TikTok allegedly has very invasive data tracking features, which many have suggested could create far-reaching national security problems.

Despite Donald Trump’s support for a TikTok ban in the past, it appears that Donald Trump has made an about-face.

Last week, Trump posted on Truth Social, saying, “If you get rid of TikTok, Facebook and Zuckerschmuck will double their business. I don’t want Facebook, who cheated in the last Election, doing better. They are a true Enemy of the People!”

https://truthsocial.com/@realDonaldTrump/112058087970558736/

This post came just moments after lawmakers advanced a measure known as the “Protecting Americans From Foreign Adversary Controlled Applications Act,” which would give the Chinese-owned Bytedance company five months to sell TikTok if they hope to operate in the United States. 

As soon as Donald Trump made his post on Truth Social, Meta stock shares dipped sharply, closing at just under $515 a share last Friday and dipping down to just over $480 a share Monday morning. –Unmuzzled News

Share Everywhere !

Shares

By cairnsnews

From the land of Australians

8 thought on “Trump dump sends Meta spiralling downwards”
  1. It has Started!!!

    As we have been warning about over the past eight months.

    The Swiss Central Bank has ‘just announced’ that it will start cutting interest rates.

    This is the first and the other Central Banks should soon follow suit.

  2. Trump’s ‘bloodbath’ speech last weekend got everyone going, even his supporters, – but he was actually being honest and trying to sow a little seed or two within the Smurfs.

    Although he was talking specifically about the car industry economy, what he was really talking about was the interconnected wider American economy: – he was saying its a ‘bloodbath’ out there and it’s about to get much worse.

    If the Magnificent Seven are removed, the collective American stock market value of the thousands of remaining companies is below zero: – that’s the frightening reality.

    If people are following the show, they would know that a couple of weeks back, most of the Magnificent Seven were shorting their own stocks.

    At the same time, the M-7 have been implementing mass lay offs.

    Interesting times ahead.

Leave a Reply

Discover more from cairnsnews.org

Subscribe now to keep reading and get access to the full archive.

Continue reading