Donald Trump JUST *Destroyed* Facebook | Killing Tiktok vs Facebook

the thing I don't like is that without

Tik Tok you can make Facebook bigger and

I consider Facebook to be an enemy of

the people wow if you've ever wanted to

know the power of a politician or a

president uh that might end up coming to

change some rules for a company look no

further than what Donald Trump could do

to a company like Facebook and Max

dropped this morning a company we all

know as Facebook although has changed

their name to meta for meta verse

dropped

$69 billion in market cap from open

straight down for about the first hour

of trading Facebook lost $ 69

billion and you have to see Donald

Trump's explanation for why but let me

first explain something so that when you

hear it you can understand the clip in

context When Donald Trump talks about

Zucker bucks when what he's talking

about and I wrote it down over here is

that Mark Zuckerberg created a nonprofit

called the center for technology and

Civic life he gave over $350 million to

that nonprofit when as a billionaire you

give $350 million to a nonprofit you

could say now you're a philanthropist

and you donate hundreds of millions of

dollars and you can also write that off

on your taxes so now you're writing off

a lot of money so when you sell Facebook

stock you can offset that by donations

to a charity that you run probably or at

least one that you created right uh or

helped create via the funding see

usually what happens is even if you put

another CEO in charge or an independent

board or whatever in charge if your

funding created that nonprofit they

basically do whatever you want right and

then you don't have to deal with the

day-to-day and so uh this company this

particular nonprofit I shouldn't call it

a company this

nonprofit uh gave uh about those $350

million to nearly

2500 election departments in the 2020

campaign and that money was specifically

focused on supporting what they called

the safe administration of voting in

predominantly Democratic areas and what

they wanted to do was basic basically

install what they call lock boxes in

part lock boxes are basically places you

can go to drop a mail and ballot off and

it goes sort of into the uh locked case

and the idea is to enable potentially

those Democratic areas to vote more make

it easier for those areas to vote

through whether it's uh some people say

ballot harvesting which is illegal

that's basically like here fill out the

ballot we'll go drop it off for you

right technically you can do that like

you can sign your ballot you put it in

the envelope and on the back you could

write being dropped off by somebody else

and and basically sign your ballot over

to somebody else you put your ballot in

sealed technically but somebody else can

go drop it off for you which makes it

really easy to vote in theory because if

your ballot sitting at home and somebody

knocks on your door he like hey fail out

that ballot and give it to us we'll go

drop it off for you H oh by the way who'

you vote for oh you voted for Trump oh

yeah got a special bin for that one

that'll go right here is is a theory

right that's the theory that's what a

lot of people say is election fraud they

say these are real ballots but even

though those are real

ballots they were collected from people

who might not otherwise have voted or

then they were sorted potentially by

people who were supposed to drop off the

ballots but maybe didn't for uh people

that didn't support their candidate this

is the thesis and so the idea when you

hear lock boxes is what I've just

described when you hear uh this you know

$500 million these are sort of gross

donations I'm specifically talking about

how 350 $50 million was spent towards

this one nonprofit you'll hear that and

then when you hear Donald Trump talk

about oh uh by the way we see uh uh you

know people going to jail for donating a

few hundred what this is in reference to

is this idea that when you donate money

to a campaign you are limited let me

look at the 2024 Max campaign

contribution I ran for governor in

California and I remember we had to deal

with this there were a lot of people who

wanted to donate to us a lot more than

what they could have uh but because they

uh were limited by an individual

contribution the max donation that an

individual could donate to a candidate

it's somewhere around five I can't get

it handy right here it's somewhere

around5 to $5,600 something like that uh

and if you donate a little bit more than

that you violated campaign Finance

contribution limits because an

individual can't donate to a candidate

however you can send an unlimited amount

of money to a state district or local

Party Committee uh to some of these

nonprofits or to National committees

this is why the RNC raises money A lot

of people are asking me hey how come

Trump can raise money but then the RNC

also raises money well because it's kind

of like just donating to the same

campaign in different ways you max out

your donation to Trump let's say and

then you donate to the committee more

because there there are no limits on

donating to these committees the super

Pacs uh uh nonprofits whatever and so

that's the frustration Donald Trump is

talking about so let's listen to that uh

and then let's Circle back to Tik Tok

and Facebook since this is all coming up

in the context of banning Tik Tok and

Donald Trump's like I'd rather not ban

Tik Tok because that's just going to

make Facebook more powerful the thing I

don't like is that without Tik Tok you

can make Facebook bigger and I consider

Facebook to be an enemy of the people

along with a lot of the media what

Facebook book did with lock boxes with a

$500

million zuka buck uh lock boxes that he

put in I mean I considered illegal but

you know they you know they put people

in jail when they spend they put people

in jail when they spend more than

$5,600 in a campaign they go to jail of

their $200 look at DES dusza they put

him in jail over a couple of hundred

bucks and yet here's a guy spends $500

million and he doesn't go to jail anyway

this commentary from Donald Trump was

directly associated with the draw in

Facebook stock that we saw today in fact

if you look at other uh companies here

Facebook's down 4.38% at the time of

this recording again it was down a Max

of about $69 billion Apple's up about

1.1 you've got Google up about 2% you've

got Microsoft down about 63 basis points

The Q's are down about 42 a really

really clear association with that

magnitude of drop in Facebook with no

other news for Facebook today and Donald

Trump comments so really what the

Market's trying to do from a from like a

you know the official basis would be

well the market is trying to assess the

potential of Donald Trump becoming

president and then weighing the odds of

Donald Trump forming some kind of action

against Facebook while not Banning Tik

Tok uh to get revenge against Facebook

for Donald Trump losing the 2020

election and therefore will have to

Discount the future potential cash flows

at Facebook because Donald Trump is

going to poop on them that's like what

Wall Street will tell you they're saying

the reality

is Trump said something bad about

Facebook

sell uh so that's what's happening right

now but again it shows you the power of

Donald Trump another thing to look at in

terms of the power of Donald Trump

moving stocks is actually the irony of

what happened with Donald Trump's dwac

see right before oops right before super

Tuesday you had this runup look at this

the the about six weeks before super

Tuesday you get a dwac which is truth

social the spack uh that is is taking

truth social public you get this running

from $17 all the way up to 58 as soon as

you get super Tuesday happening right

about here on March 5th you're straight

down since March 5th and you've already

kind of been selling down into Super

Tuesday so a this is what we call by the

rumor oh Trump's going to sweep and then

everybody starts dropping out except for

Trump and all of a sudden that trade is

over people are onto a different trade

now now do I think this will

fundamentally affect Facebook in the

long term probably not uh I'm not the

biggest fan of Facebook myself but that

has nothing to do with politics uh

ultimately it just shows you the Donald

Trump and what he says is very powerful

and it's not just people who are paying

attention who are voters but it's also

markets anyway if you found this helpful

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so stay tuned for those thank you so

much for watching and we'll see you in

the next one goodbye and good luck