Facebook ($FB) has announced their cooperation with communist China to censor the already egregiously exploited population. The social networking giant has until now been blocked in the country of 1.35 Billion people.
The social network has quietly developed software to suppress posts from appearing in people’s news feeds in specific geographic areas, according to three current and former Facebook employees, who asked for anonymity because the tool is confidential. The feature was created to help Facebook get into China, a market where the social network has been blocked, these people said. Mr. Zuckerberg has supported and defended the effort, the people added.
Facebook has restricted content in other countries before, such as Pakistan, Russia and Turkey, in keeping with the typical practice of American internet companies that generally comply with government requests to block certain content after it is posted. –NY Times
Perhaps this is why Facebook said they plan to “aggressively spend on more engineers and data centers in order to ramp up growth and capacity,” despite guiding lower three weeks ago and warning about suffering from ad load. Interesting.
Shares of Facebook ($FB) are currently sitting at $121.47, after hitting all time highs of $133.50 last month on 10/25/2016, the day after the iBankCoin Exodus algorithm nailed Facebook as overbought. On November 14th, Exodus pegged Facebook as oversold, yet another profitable call.
