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If You Invested $1,000 In Meta Platforms When They Banned Donald Trump, Here’s How Much You’d Have Now – Meta Platforms (NASDAQ:META)

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If You Invested $1,000 In Meta Platforms When They Banned Donald Trump, Here's How Much You'd Have Now - Meta Platforms (NASDAQ:META)

Former President Donald Trump was banned from several social media platforms in the wake of the Jan. 6, 2021 attack on the U.S. Capitol.

Here’s a look at what’s next for Trump in the social media world and how investors would have done investing in a social media stock that banned the former president.

What Happened: Social media platforms Twitter Inc and Facebook are among those that announced bans of Donald Trump in 2021. The bans came after the social media platform pointed to Trump’s role in the Jan. 6 attack on the U.S. Capitol and the potential for more violence.

Facebook, owned by Meta Platforms METAannounced it was banning Trump on Jan. 7, 2021. The company later announced the ban would be for two years and open-ended in a ruling issued on June 4, 2021. Facebook said it would not review its two-year ban until Jan. 7, 2023, at the earliest.

While Trump was banned from posting on platforms like Twitter and Facebook, he made posts on Truth Social, a platform owned by his own Trump Media & Technology Group. Known as TMTG, the company announced a SPAC deal with Digital World Acquisition Corp DWAC in late 2021.

Truth Social and Digital World Acquisition have faced multiple challenges including shareholder votes, investigations, financial concerns, and recently, ties to Vladimir Putin. 

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Trump was welcomed back to Twitter after Elon Musk acquired the platform in 2022. 

In February 2023, Trump was welcomed back to Facebook and Instagram, two units of Meta Platforms. 

On March 17, 2023, Trump posted a campaign video on his Facebook page with the caption “I’m Back.” Trump announced his campaign for the 2024 election in November 2022. 

Under the terms of an exclusive deal with Truth Social, Trump is not allowed to post on his Twitter or Facebook accounts until six hours after the post is made on Truth Social. The exception to the rule is when the posts are “related to political messaging, political fundraising or get-out-the-vote efforts.” Those posts can be made at any time. 

Related Link: Donald Trump Added The Patent Office To List Of Government Agencies He’s Fighting

Investing $1,000 in META, DWAC: Meta Platforms announced a ban on Trump on Jan. 7, 2021. A $1,000 investment at the time could have purchased 3.76 shares. The $1,000 investment would be worth $735.49 today, a 26.5% decline.

Trump being banned is likely not the only reason the companies have seen shares fall, with major technology stocks seeing drops in 2022 on macro issues and earnings.

On the flip side, an investor who purchased shares of Digital World Acquisition after the SPAC deal was announced could have done better.

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The SPAC deal was announced after market close on Oct. 20, 2021. A $1,000 investment in Digital World Acquisition shares at the open on Oct. 21, 2021, could have purchased 78.55 shares. The $1,000 investment would be worth $974.02 today. 

Trump posting on Facebook for the first time since being unbanned could be something for investors to watch. Facebook and Twitter both saw strong interest in the posts that Trump was making when he was the president of the United States, and before he was banned. 

Trump was also recently welcomed back to YouTube, the video platform owned by Alphabet Inc GOOGGOOGL. While he was banned on YouTube, Trump posted videos from speeches and events on Rumble RUM

Also Read: Here’s How Much Marjorie Taylor Greene May Have Lost From Investing In The Donald Trump SPAC Deal 

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Court orders suspension of mass layoff of Facebook moderators

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Court orders suspension of mass layoff of Facebook moderators

NAIROBI, Kenya Jun 3 – A Kenyan court on Friday ordered the suspension of the mass sacking of scores of content moderators by a subcontractor for Facebook’s parent company Meta and directed the social media giant to provide counseling to the employees. 

A total of 184 moderators employed in Nairobi by Sama, an outsourcing firm for Meta, filed a lawsuit in March, claiming their dismissal was “unlawful”.

In a 142-page ruling, labor court judge Byram Ongaya said Meta and Sama were “restrained from terminating the contracts” pending the determination of the lawsuit challenging the legality of the dismissal.

“An interim order is hereby issued that any contracts that were to lapse before the determination of the petition be extended” until the case is settled, the judge added. 

Ongaya also barred Facebook’s new outsourcing firm, Luxembourg-headquartered Majorel, from blacklisting the moderators from applying for the same roles. 

Meta — which also owns Instagram and WhatsApp — was also ordered to “provide proper medical, psychiatric and psychological care for the petitioners and other Facebook content moderators”.

The company told the court of its intention to appeal the ruling. 

The California-based tech behemoth has held that it has no official presence in the East African country and that the complainants are not employed by Meta. 

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The petitioners’ lawyer, Mercy Mutemi, said it was “critical that the court has found Facebook is the true employer of its moderators”, adding that they were “very pleased” with the orders. 

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“This ruling matters not just for the petitioners but the entire social media and AI industry,” Mutemi said in a statement.  

British-based legal activist firm Foxglove, which is supporting the case, said the ruling was “a major blow to the outsourcing model Facebook uses to avoid responsibility for its key safety workers”.

– Poor working conditions –

Meta has faced scrutiny over the working conditions of content moderators who say they spend hours focused on hateful, disturbing posts with little regard for their well-being.

The company is facing two other legal cases in Kenya.

In 2022, a former South African employee of Sama, Daniel Motaung, filed a complaint in Kenya against Sama and Facebook claiming, among other things, poor working conditions and a lack of mental health support.

The labor relations court in Nairobi declared in February it had the jurisdiction to try Motaung’s case. Meta has appealed the decision.

The social media giant is also facing another complaint in Kenya, where a local NGO and two Ethiopian citizens accused Meta of failing to act against online hate speech in Africa.

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The complainants alleged this inaction resulted in the murder of a university professor in Ethiopia and called for the creation of a $1.6 billion fund to compensate the victims. 

AFP is involved in a partnership with Meta providing fact-checking services in Asia-Pacific, Europe, the Middle East, Latin America, and Africa.

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Twitter user discovers strange anti-Ukrainian ad on Israeli Facebook – Israel News

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Twitter user discovers strange anti-Ukrainian ad on Israeli Facebook - Israel News

A Twitter user uncovered an anti-Ukrainian ad on Facebook targetting Israelis aimed at reducing aid to Ukraine, on Wednesday.

The ad featured a bent-over man dressed in white with a Star of David drawn on him wearing a kippa and carrying a blue and yellow swastika, the colors of Ukraine. The text above it says “Israel should focus all attention on fighting the economic crisis. Supporting the conflicts of others is an unjustified luxury. Every shekel counts.” Followed by a link to a website.

The link led to a website called theliberal.net , which had a similar appearance to an Israeli magazine of the same name. However, the magazine’s website is theliberal.co.il.

The article on the website was titled “Ukraine is expensive” and was supposedly written by Joanna Landau the CEO of Vibe Israel, a TLV-based organization of data-driven storytellers, sharing Israel’s story with the world according to their Twitter.

This led Twitter user, Arieh Kovler, to become suspicious and he decided to investigate. 

The ads publisher was a “nothing” Facebook page that targeted people in Israel who interacted with technology, consumer electronics, and graphic novels. 

A boy waves a national flag atop of armoured personal carrier at an exhibition of destroyed Russian military vehicles and weapons, dedicated to the upcoming country’s Independence Day, amid Russia’s attack on Ukraine, in the centre of Kyiv, Ukraine August 21, 2022. (credit: REUTERS/VALENTYN OGIRENKO)

He also found that the page was running a second ad, with the same text but a different image.

Problems with Facebook’s approval process

Summing up he said: “They had to buy the fake domain and the cartflower redirect domain, write the fake article in Hebrew, clone the Liberal, set up the Facebook page, commission the original cartoons and buy ads. All to target a tiny amount of humanitarian aid to Ukraine” 

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Kovler finished the thread by stating that Facebook’s new approval process was broken, showing evidence of drugs being advertised on the platform and saying he had also seen gun advertisements. He questioned how much of this was going on in other language markets.

Another Twitter user pointed out a grammatical error, saying “I suspect the ad isn’t written by a native Hebrew speaker..”; another user mused whether the error revealed the writer to be a native speaker of Russian or Farsi.



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How Facebook secretly collects your information even if you haven’t signed up

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How Facebook secretly collects your information even if you haven’t signed up

You may have managed to go all this time without ever making any kind of social media account. However, Facebook could potentially still have your information even if you’ve never set up an account. Find out why this is possible and how you can protect your information. 

How could Facebook have access to my private information? 

Whether you deleted your Facebook account years ago or you never made an account at all, it’s possible that Facebook could still have your email address cell phone number or landline number. The reason for this is because of hidden accounts called Shadow Profiles. These profiles are created based on data gathered from various sources, such as contacts uploaded by Facebook users, websites with Facebook tracking pixels, and other third-party data providers. 

So, even if people you’re friends with shared their own contact information on Facebook, Instagram, or Messenger, and you were in their address book, Meta, the parent company of these apps, likely has your information.   

Facebook’s algorithms use this information to create a profile for non-users, which may include details like the person’s name, email address, phone number and other personal data. These profiles are created without the knowledge or consent of the individuals involved.  We reached out to Facebook’s parent company Meta for additional information and to offer the social media platform an opportunity to comment on this report and have not heard back from them at the time of publishing. 

Here’s what to know about how Facebook collects your personal information. (CyberGuy.com)

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CLICK TO GET KURT’S FREE CYBERGUY NEWSLETTER WITH SECURITY ALERTS, QUICK TIPS, TECH REVIEWS, AND EASY HOW-TO’S TO MAKE YOU SMARTER 

How does Facebook use the data it receives?

Facebook’s privacy policy explains in great detail what they do with the information they receive. According to its website, there are three main ways in which they use the information they get from other websites and apps: 

  • Providing our services to these sites or apps
  • Improving safety and security on Facebook
  • Enhancing our own products and services.

The company emphasizes that they don’t sell people’s data. Even so, shadow profiles have been a subject of controversy and criticism due to privacy concerns. Critics argue that the creation of shadow profiles raises ethical questions regarding user consent and control over personal information. However, it is possible to have yourself removed from its databases. 

HOW TO CHANGE YOUR PASSWORD ON FACEBOOK  

How do I remove my information?

If you’re not currently or have never been a Facebook user, here’s what you can do.  

  • Go to the Meta Help Page where there is information for people who do not use Meta products
  • Go to the heading that says How Non-Users can exercise their rights
  • There will be a link that says Click Here, which will take you to a webpage where you can ask Meta to remove your contact information.
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Select the type of information you want to remove. Choose from a mobile number, landline, or email address, then hit Next

  • Enter your phone number and/or email address to get a confirmation code
  • Select the platform you want it removed from (Facebook and Messenger or Instagram), or select All
  • Click Next and enter the confirmation code on the next screen. Hit Next one last time
  • If something is found, hit Confirm to delete the data
  • Hit Close on the next screen, or use the link to search for another number or email.

IS FACEBOOK LISTENING TO YOU? 

If you’re a Facebook user, here’s how to adjust your contact settings. 

  • Log in to your Facebook account
  • Click your Profile picture
  • Click Settings & privacy
  • Click Settings
  • In the sidebar on the left, click Privacy
  • Under How people can find and contact you, reset all those settings to say “Only Me” so that no one in the public can look at your information.

How do I stop uploading my contacts to Facebook? 

  • Log in to your Facebook account
  • Click your Profile picture
  • Click Settings & privacy
  • Click Settings
  • Click Upload Contacts
  • Toggle Upload Contacts off.

Once you have turned off this setting, Facebook will no longer upload your contacts to the app. Keep in mind that if you previously allowed Facebook to upload your contacts, you may need to delete your previously uploaded contacts manually. 

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Kurt’s key takeaways 

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Knowing how Facebook collects and utilizes personal information is important, even if you have never used the platform. Be aware that they can create hidden accounts called Shadow Profiles, which are generated using data from various sources. While Facebook claims this data is used to improve and protect user experience, creating shadow profiles raises concerns about privacy and consent. By following the steps I’m providing, you can take control of your information and minimize your exposure to potential privacy risks. 

Should Facebook be allowed to collect your personal data without asking you directly? Let us know by writing us at Cyberguy.com/Contact. 

For more of my tips, subscribe to my free CyberGuy Report Newsletter by heading to CyberGuy.com/Newsletter. 

Copyright 2023 CyberGuy.com. All rights reserved. 

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