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Do You Believe Facebook’s Zuckerberg OR NSA?

I don’t believe we have a place for an organization such as NSA in our society. It must go. Benjamin Franklin said it best over 200 years ago. 

“They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” -Benjamin Franklin

Now, let’s take a look. Zuckerberg says: 

“The U.S. government should be the champion for the Internet, not a threat,” he wrote in a post on his Facebook page yesterday. “They need to be much more transparent about what they’re doing, or otherwise people will believe the worst.”

“We encrypt communications, we use secure protocols for traffic, we encourage people to use multiple factors for authentication and we go out of our way to help fix issues we find in other people’s services,” Zuckerberg said. “When our engineers work tirelessly to improve security, we imagine we’re protecting you against criminals, not our own government.”

NSA says: 

“NSA uses its technical capabilities only to support lawful and appropriate foreign intelligence operations, all of which must be carried out in strict accordance with its authorities,” it said. “NSA does not use its technical capabilities to impersonate U.S. company websites. Nor does NSA target any user of global Internet services without appropriate legal authority. Reports of indiscriminate computer exploitation operations are simply false.”

Who do you think is telling the truth here? I blame Obama. 

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Do You Believe Facebook’s Zuckerberg OR NSA?  Google

Facebook Inc. (FB) Chief Executive Officer Mark Zuckerberg said he called U.S. PresidentBarack Obama to express his frustration over the government’s spying.

“The U.S. government should be the champion for the Internet, not a threat,” he wrote in a post on his Facebook page yesterday. “They need to be much more transparent about what they’re doing, or otherwise people will believe the worst.”

Zuckerberg’s comments follow reports that the National Security Agency has been disguising itself as Facebook to gain access to users’ computers for spying, according to documents leaked by former NSA contractor Edward Snowden to the online news site The Intercept. It was the latest in a string of revelations about government surveillance that led Facebook, along with Google Inc., Apple Inc. and others, to call on the U.S. to disclose more about government requests for user data.

“We encrypt communications, we use secure protocols for traffic, we encourage people to use multiple factors for authentication and we go out of our way to help fix issues we find in other people’s services,” Zuckerberg said. “When our engineers work tirelessly to improve security, we imagine we’re protecting you against criminals, not our own government.”


Photographer: Andrew Harrer/Bloomberg

Facebook Inc. Chief Executive Officer Mark Zuckerberg said, “When our engineers work…Read More

Caitlin Hayden, spokeswoman for Obama’s National Security Council, confirmed the conversation between Zuckerberg and the president. She declined to give any details.

NSA Statement

In a statement yesterday, the NSA said it is “inaccurate” to say it is impersonating Facebook or any other websites.

“NSA uses its technical capabilities only to support lawful and appropriate foreign intelligence operations, all of which must be carried out in strict accordance with its authorities,” it said. “NSA does not use its technical capabilities to impersonate U.S. company websites. Nor does NSA target any user of global Internet services without appropriate legal authority. Reports of indiscriminate computer exploitation operations are simply false.”

Zuckerberg, the 21st-richest person in the world according to the Bloomberg Billionaires Index, has been ramping up his involvement in political issues, from education in New Jersey to infrastructure development in Africa. He has donated to candidates in both the Democratic and Republican parties and started an advocacy group called Fwd.us to lobby for changes to U.S. immigration policy.

Is It Time To Short Facebook?

Facebook has been on fire lately with its stock price appreciating 200% over the last 9 months. Of course, Facebook is not alone. Tesla, Google and many other highly speculative issues are up big time since this credit driven stock market rally made a push for its blow off top a year ago.

With that said, Facebook is going out on a limb of stupidity with it’s ridiculously overpriced purchase of WhatsApp two weeks ago and now an apparent purchase of drone maker Titan Aerospace for $60 million.  Something tells me that Titan doesn’t have any revenue either, but that’s beside the point.

The issue here is as follows. Mark Zuckerberg doesn’t know what to do with all of his cash. It’s burning a hole in his pocket and he is making idiotic decisions reminiscent of the tech bubble. While Facebook’s stock is still technically strong, there is no doubt that these stupid capital allocations will catch up to Facebook sooner rather than later.Once the market begins to breakdown as per my FORECAST I would anticipate Facebook to come down significantly.  

Making Facebook a great short opportunity. (Not yet, wait for a technical breakdown)

z10

Facebook will buy drone maker Titan Aerospace for about $60 million, a source familiar with the situation told CNBC on Tuesday.

The solar-powered drones can reportedly be airborne for up to five years without having to land.

The deal is part of Facebook’s ambition to provide Internet access worldwide. News of a possible deal was first reported by TechCrunch.

Last summer, Mark Zuckerberg announced a project called Internet.org—a partnership with a number of other tech giants that aims to make Internet available to everyone in the world. The solar-powered drones could help Facebook provide Internet to areas around the world without it, starting with Africa.

Titan Aerospace is privately held, and is based in New Mexico. The news comes after the social network acquired messaging app WhatsApp for $19 billion last month.

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Is Time To Short Facebook? Google