📌 Imagine yourself on another beautiful day, sitting in front of a pool, drinking carrot juice and enjoying sun baths, when all of a sudden - boom, you loose 7 billion $. 🎈In the past days Mark Zuckerberg was feeling something like that, when “Stop hate for profit” movement caused Facebook market value fall by more than 8% and Zuckerberg net worth shrunk by 7.2 billion$. 🚫“Stop hate for profit” started when some companies have joined a boycott of Facebook after critics accused the social network of inadequately policing hateful and misleading content on its platform. 💡List of companies that stopped advertising on social network includes such names as Starbucs, Microsoft, Coca- Cola, Upwork, Ford Motor etc. with more companies to join when the movement will go global. 🥉Moreover, this also move Zuckerberg one rank down from the top 3 gang leaving him behind Bill Gates, Jeff Bezos and Bernard Arnault.��So if you’re having a bad day, imagine what a shame Mark is feeling now being in the fourth position with just 82.3 billion valuation ;)

Appreciate
Comment
Share

Dominykas RimšaProduct & UX Designer
Not directly related to facebook, but I remember when Trump pretty much declared nuclear war to another country over a tweet and twitter instead if removing the post, changed their guidelines to allow such post to stay on the platform. Later somebody calculated that Trumps account is worth about $2 billion to twitter. So I guess I’m wondering first of all if Facebook is actually going to do anything substantial to address the hate issue and secondly if Facebook doesn’t, how long are these brands going to be out of the platform taking a stance? What do you think Antanas Bernatonis?
4 months ago
Atėnė Strazdas DrozdaitėInterior designer/Survivor/Thinker/Forever learning/ Enthusiast
Truly insightful! However, does it really make a difference loosing 7 billion if you still got 82 left?😁
4 months ago
Antanas BernatonisFirst Human IPO in the Baltics
Atėnė Strazdas Drozdaitė Probably for us it would be something like loosing 700eur 😄 Not cool, but not that painful
4 months ago
Antanas BernatonisFirst Human IPO in the Baltics
Dominykas Rimša, great example! But let's not forget the rest of the story, a month or so ago Twitter banned couple of Trump posts. It might be that it was in order to get even more attention from the media, but it also shows that soc. media platforms can adress issues and do something about it and still get paid ;) However, unless there will be some alternative, I believe majority of the companies will come back to advertise on FB after a while even if FB won't do anything about the hate speech. Here is a list of companies that joined the movement, you can see that most of them stopped ads just for month or two: https://en.mercopress.com/2020/06/30/some-of-the-largest-corporations-that-joined-the-boycott-of-facebook-stop-hate-for-profit
4 months ago

Download Qoorio to talk & learn from other Humans
MORE INSIGHTS YOU MIGHT LIKE
Learn more by discovering other insights
🔹Big news from Facebook: 🔹 FB is introducing Facebook and Instagram Shops to support small businesses! It's huge having in mind the enormous no. of potential buyers in both platforms. For now on it will be possible not only advertise and redirect them to your shop, but immediately call to action and sell by staying on their platform. Taking into count amazing interface and easy to use set up, users are about to experience whole other level of selling, shopping and advertising online in upcoming months! https://about.fb.com/news/2020/05/introducing-facebook-shops/
Introducing Facebook Shops: Helping Small Businesses Sell Online - About Facebook
about.fb.com
9

Appreciate
Comment
Share
🚀Sharing an exciting news with Qoorio community from Montonio as we raise 500k eur in pre-seed funding round to further develop our PoS financing product 🔹As there are quite many VC and private investors from 4 countries that believes in us, what would be your advice on keeping a good relationship with them and using their knowledge and network to achieve our milestones fasfer? https://www.eu-startups.com/2020/07/estonian-fintech-montonio-raises-e500k-to-compete-with-the-traditional-installment-credit-model/
Estonian fintech Montonio raises €500K to compete with the traditional installment credit model
www.eu-startups.com

Appreciate
Comment
Share

Mangirdas AdomaitisArtificial inteligence, Data science
Great to hear. Congrats Antanas and the team!
View 2 more comments
💡 Today I'm about to become the first Human IPO in Baltic states! 💡 Wait what? Yeah, that's crazy! 🔎 So there is this great startup Human IPO which is seeking to redefine human value by allowing people to invest to individuals they believe in! 📊 Just like in the normal IPO's, this means that now you will be able to #invest, #trade, and #earn from my shares (Which are backed by #time) as well as redeem the time you bought and use my knowledge for your business, ideas, personal life or whatever else :) 🚀 As I personally won't earn almost nothing from this and I do not seek to become next Jeff Bezos or Elon Musk, my goal of becoming first publicly traded person in Baltics and allowing the market to define the value of my time is to rather get attention to this startup and idea that they are bringing, as there are so many talented and promising people in Baltic States that I myself would love to invest to! ⏳ For now I'm releasing only 20 hours of my time at the price as low as 13$, and anybody will be able to buy it starting 5PM LT (GMT +3) time today. You will find the link to my profile in the comment section, also follow Human IPO and recommend it to the people you believe in! Let's begin to redefine the human value 😉

Appreciate
Comment
Share

Till HeckelCom Expert / Story Seller / Atmosphere Junkie
I invest in sustainability. What is your concept?
View 6 more comments
Download Qoorio to talk & learn from other Humans
Become Open HumanFAQBlog
We use cookies to personalise content, provide social media features, and analyse our traffic. We value your privacy and only use the most necessary and analytical cookies. You can opt out at any time.