Has Twitter Committed Fraud?
As audits are taking place it seems that Twitter may have been involved in a massive fraud. What about the others?
“It’s hard enough to make money, it’s even more difficult to hold onto it.”
Investors have had to deal with massive abuse from corporations and investment houses for decades. Their money being thrown in the trash by woke staff, incompetent mangers, incapable C-level employees, and inept board members along with the investment firms that trade their shares of stock. Moreover, the inadequacy of politicians and regulatory agencies in understanding modern code and technology allows this corruption to persist. The average age of Congress is 60. These are people who can barely understand technology or even how to use email not alone understand how these social media companies operate their code and algorithms.
As many focus on the shiny object of Section 230, they miss the real corruption that’s taking place. Pumping user data in order to attract more advertisers.
Also keep in mind, social justice causes are used to distract you. Distract you from the corruption that’s going on behind the curtain.
In the latest news with Twitter, this should anger shareholders as their hard earned investment dollars have been going to a company with employees showing up when they feel like it. In some cases taking months off at a time for “mental health”. Then when they do show up to work, use company resources to push woke, social justice agendas, NOT working to increase company revenue. It seems as if this leftist woke agenda has exposed the use of bots to prop up the small leftist users it has, and in turn fraudulently increased its user base.
#twitterexposed
Let’s take a look at the last tech bubble bust and compare it to whats happening now with Twitter, Facebook, and in all likelihood, Alphabets YouTube.
THE ENRON SCANDAL - ESTABLISHING A PRECEDENCE
The Enron scandal, was a series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world. The collapse of Enron, which held more than $60 billion in assets, involved one of the biggest bankruptcy filings in the history of the United States, and it generated much debate as well as legislation designed to improve accounting standards and practices, with long-lasting repercussions in the financial world.
The bull market of the 1990s helped to fuel Enron’s ambitions and contributed to its rapid growth. There were deals to be made everywhere, and the company was ready to create a market for anything that anyone was willing to trade.
As the boom years came to an end and as Enron faced increased competition in the energy-trading business, the company’s profits shrank rapidly. Under pressure from shareholders, company executives began to rely on dubious accounting practices, including a technique known as “mark-to-market accounting,” to hide the troubles. Mark-to-market accounting allowed the company to write unrealized future gains from some trading contracts into current income statements, thus giving the illusion of higher current profits.
The Securities and Exchange Commission (SEC) began investigating the transactions between Enron and Andrew Fastow’s (CFO) SPEs (Special Purpose Entities). Some officials at Arthur Andersen then began shredding documents related to Enron audits.
As the details of the accounting frauds emerged, Enron went into free fall. Fastow was fired, and the company’s stock price plummeted from a high of $90 per share in mid-2000 to less than $12 by the beginning of November 2001. Ultimately Enron’s stock dropped to under $1 per share, taking with it the value of Enron employees’ 401(k) pensions, which were mainly tied to the company stock. On December 2, 2001, Enron filed for Chapter 11 bankruptcy protection.
Many Enron executives were indicted on a variety of charges and were later sentenced to prison. Notably, in 2006 both Skilling and Lay were convicted on various charges of conspiracy and fraud.
Skilling was initially sentenced to more than 24 years but ultimately served only 12. Lay, who was facing more than 45 years in prison, died before he was sentenced. In addition, Fastow pleaded guilty in 2006 and was sentenced to six years in prison; he was released in 2011.
In addition, hundreds of civil suits were filed by shareholders against both Enron and Andersen. While a number of suits were successful, most investors did not recoup their money, and employees received only a fraction of their 401(k)s.
https://www.britannica.com/event/Enron-scandal/Downfall-and-bankruptcy
Keep in mind, Project Veritas is banned from Twitter. The corrupt left has always accused Veritas of deceptive filming and editing. The only deception Veritas is involved in is exposing it.
As we saw in the Enron scandal, the lack of transparency is almost always a sign of impropriety.
Parag Agrawal CEO of Twitter, Ladies and Gentlemen:
POLITICO - Twitter’s top lawyer reassures staff, cries during meeting about Musk takeover.
Vijaya Gadde cried during the meeting as she expressed concerns about how the company could change, according to three people familiar with the meeting. Vijaya Gadde, a key executive involved in decisions to remove former President Donald Trump and ban political advertising, expressed uncertainty about the future of the platform.
https://www.politico.com/news/2022/04/26/twitters-top-lawyer-reassures-staff-cries-during-meeting-about-musk-takeover-00027931
NEWSWEEK
Almost half of President Joe Biden's current 22.2 million followers on Twitter are fake accounts, according to an audit tool provided by software company SparkToro.
SparkToro's tool found that 49.3 percent of accounts following the official @POTUS Twitter account are "fake followers" based on analysis of a number of factors, including location issues, default profile images and new users.
Reuters - Facebook advertisers can pursue class action over ad rates
A U.S. judge ruled that a lawsuit accusing Meta Platforms Inc's Facebook (FB) of deceiving advertisers about its "potential reach" tool can proceed as a class action.
The decision by U.S. District Judge James Donato in San Francisco allows potentially millions of individuals and businesses that paid for ads on Facebook and its photo-sharing app Instagram since Aug. 15, 2014 to sue as a group.
The lawsuit began in 2018, as DZ Reserve and other advertisers accused Facebook of inflating its advertising reach, by increasing the number of potential viewers by as much as 400%, and charging artificially high premiums for ad placements.
They also said senior Facebook executives knew for years that the company's "potential reach" metric was inflated by duplicate and fake accounts, yet did nothing about it and took steps to cover it up.
YouTube
YouTube eliminated the dislike button, why? Accounts like former Vice President Joe Biden’s were being ratioed. This means he was getting a massive amount of thumbs down clicks as opposed to like clicks. This would be obvious as it was shown on the video’s page. By eliminating the dislike count, it hides the amount of people that are not in favor of a video or creator.
It’s not ok for employees to use publicly traded company’s they work for as social justice amplifiers. It’s also not ok for company’s like Twitter, Facebook META, Alphabet YouTube their fiduciary duty on behalf of the shareholders to generate revenue.
Has Twitter Committed Fraud?
"YouTube eliminated the dislike button"
No they didn't. It's still there for almost every video. What they got rid of is the number next to it that shows how many people have clicked it. But even that can easily be restored; the number is still there in the data feed, it's just that their scripts won't show it. There are browser add-ons that show it again. Here's a screen-shot of a current White House video showing the ratio:
https://i.imgur.com/e9Egr8D.jpg