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Hey, how's it going?

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So, yesterday, and actually over the last few days,

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I've been talking to different friends about different stuff,

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you know, just catching up and that kind of stuff.

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A friend of mine is going to get married.

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And this friend who's going to get married,

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he invited me to his wedding, of course.

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I don't know if I'll make it or not,

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but he was kind enough to invite me.

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And he works in, I'm not going to say what specifically,

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but he knows a lot about the tech industry,

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specifically Facebook.

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And he was telling me something that fit in very interestingly

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with what I'd heard from some other people about Facebook.

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See, for those of you who don't know,

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over the last year, Facebook has lost 75% of its value,

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which is just wildly amusing.

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You know, because basically,

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it's still generating money and profits, as it were,

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but its growth is way slowed down.

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And what happened was that, see, in late 2021,

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Google and Apple, as it was explained to me,

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they changed their rules insofar as information

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they would pass on to other users,

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specifically the demographic information,

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because the European Union has privacy laws such

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that they don't want people's, European people's,

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private information to be passed along willy-nilly.

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And see, the whole basis of Facebook

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was that it would, from Google and Apple,

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take the user data

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and use that to tailor and target its advertising.

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And so, like, for instance, with me,

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if I were to use Facebook, I don't use it at all,

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but if I were to use it, you know,

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Facebook or Instagram or WhatsApp,

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see, it would target ads to me

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that were tailored to my interests and tastes.

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And, of course, you know,

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I Google search motorcycles all the time, you know.

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It's like, you look for porn,

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I look for motorcycle porn.

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And so, you know, from Google,

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they would be able to know exactly what I look for,

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and they would previously sell this data to Facebook.

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And with that data,

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Facebook would be able to sell ads targeted to me.

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Now, you know, being interested in motorcycles,

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especially custom motorcycles,

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is an extraordinarily niche business.

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So, of course, if some motorcycle customizer

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would be able to buy ads on Facebook

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that would only target people like me,

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then it would be worthwhile.

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But now that Google and Apple

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are both not passing that information on to Facebook,

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Facebook can't sell those targeted ads.

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And that was the beginning of the end

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of their advertising revenue.

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And that's when,

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that was the start

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of the collapse in the price of Facebook.

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And there's some other interesting news

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that, you see,

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when the need to have data storage facilities arose,

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Amazon, Microsoft,

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and I do believe Apple,

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they sold storage

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by way of their different cloud services.

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They sold that storage to customers,

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and that created a tidy little revenue stream,

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a quite enormous revenue stream,

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as a matter of fact,

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insofar as AWS,

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Amazon Web Services,

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that makes up something like

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a third of their profits, I believe,

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or something along those lines.

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Not over half,

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but more than a quarter.

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Say a third.

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See?

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So it was a great business.

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The only other big tech company

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that had such ability

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was Facebook.

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But Facebook,

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under Zuckerberg's direction,

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focused exclusively on ads,

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not selling web services.

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And so they denied themselves

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that revenue stream,

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and by the time they figured out

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they made a mistake,

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it was too late.

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The other big players

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had taken over the market.

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Now,

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the other third factor,

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insofar as Facebook's

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declining fortunes,

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is this metaverse nonsense.

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Now,

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I heard from some other people

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that the metaverse

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was something very big

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in the World Economic Forum.

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Because,

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I kid you not,

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a lot of the big brains

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at the World Economic Forum

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thought that

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because the West

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is over-indebted,

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and people's standards of living

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will inevitably decline,

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that a way to distract

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the population

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and ensure that they would be

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nice passive little robots

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was to create

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an alternate universe.

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Basically,

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making

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Ready Player One

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make it real,

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okay,

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so that people would lose

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their minds

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and spend all of their time

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in this fictitious

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virtual world

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so as to distract

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from the misery

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of real life,

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okay?

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And so,

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a lot of

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WEF types

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were pushing

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for the metaverse

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and what's really interesting

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is that I got confirmation

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that a lot of

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corporate consulting firms

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and all the rest of it

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were pushing

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the metaverse,

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something awful.

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But,

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of course,

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nobody,

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no people

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are not interested

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in the metaverse

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at all.

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I mean,

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there are a lot of people

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who are mixed up in it

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because they figure

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that it's the next thing.

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Like,

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crypto was the last thing,

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the metaverse

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is the next thing

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and they are actually

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investing quite a bit

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of money into the metaverse

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but see,

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people are not going there.

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Nobody wants to really

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live a virtual life.

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Most people,

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thank God,

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still prefer

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real life,

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the here and now,

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actual people,

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actual places

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and not virtual people

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and virtual places

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and crap like that.

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And so,

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it's because of

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these three factors.

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You know,

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no longer being able

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to target ads,

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their failure

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insofar as

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going after web services

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and all the money

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that they've invested

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in the metaverse

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because they've invested

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a whole boatload of cash

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into that particular project,

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not just money

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but also resources

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of Facebook.

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Well,

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because of all this,

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Facebook is going

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down the tubes

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and the word is

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that Mark Zuckerberg

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is not long

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for this earth

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in corporate life,

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I mean,

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not real life.

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I'm sure he's going

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to live a long

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and healthy life

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but insofar as his position

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at Facebook,

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investors are pissed off.

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Pissed off something awful.

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And so,

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I just have to say

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that,

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you know,

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Zuckerberg,

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I've always kind of

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despised him.

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He really did look

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like a robot.

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He acted like a robot.

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When he was a young guy,

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he seemed normal.

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You know,

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geeky but normal.

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But he became

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this weird

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lizard robot person.

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And apparently,

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this whole metaverse thing

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was part and parcel

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of the World Economic Forum

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and the controlled demolition

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of the Western economies.

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It was going to be the place

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where everybody

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could sort of like

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ease their pain

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in the virtual world.

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Sorry,

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I recorded this

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like on a potato.

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The light is dying

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as I started recording this

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and I don't have the patience

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to record it again.

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But,

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I thought that you should know.

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You know,

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the more you learn.

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the more you learn.

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Thank you.