As I stated in my earlier post, this lawsuit is more about making a statement to garner public awareness about Israel's unfortunate plight in that part of the world rather than a legitimate legal action.
The case will never see the light of day because it is literally impossible for anyone to say what did or what did not make a person do something.
One more thing. I spoke with a friend who is a lawyer, and he told me Israel's lawsuit appears to be more of a tactic to bring more attention to its plight in the Middle East than a suit filed with any expectations of being paid money.
He likened it to someone suing a Hollywood studio because some moron imitated what they saw in its movie.
Anyway, since FB is up nicely this morning, I'll assume most are looking at Israel's lawsuit and not taking the matter too seriously.
Finally, he offered, "Do you think Mark Zuckerberg would knowingly allow his company to foster attacks on Israel? He is Jewish, himself.".
FB is one way to communicate among hundreds of alternatives. For Israel to blame FB for any attacks is totally ludicrous.
Is Israel going to sue all the major networks for showing the results of terror attacks on TV? Will they sue the newspapers for writing about them? How about radio stations for talking about them? Better yet, how about suing every manufacturer of cell phones, both the permanent and throw-away kinds for enabling terrorists to talk to one another?
I don't wish to sound like a fatalist, but the crazy people who take away lives in the name of their God, aren't ever going to be stopped unless the people supporting them pull out said support.
Finally, I am also not anti-Muslim. I have a neighbor who is from Pakistan, is a devout Muslim and worships several times each day. . He has flatly told me that, while he's prayed, God has never told him to kill anyone.
The world is dealing with terrorism, but blaming FB for facilitating terrorism is way, way off base.
I spent over 30 years in the advertising field. Pundits can rant and rave all they want on both sides of the advertising ball, but the bottom line is, and always has been, how many sets of eyes can you deliver?
Forget about returns on ad figures. That arena is solely dependent on the quality of ad copy. To wit, all FB, or any other advertising medium, can promise is a certain number of eyes will see your ad. Whether it works or not is on the advertiser's shoulders. For an example, if Apple takes out a full page ad in the New York Times and doesn't sell more gizmos because of it, it is not the NYT's fault. Maybe the ad sucked? maybe it missed its intended audience?
Advertising, and like the sets of eyes I mentioned earlier, is nothing more than throwing grass seed and hoping (Knowing, actually.) that a certain number will produce grass. Advertising is an inexact science.
But the one constant message from advertisers is, "Show Me The Eyes!". No one, save for search engine GOOG, provides more sets of eyes than FB.
FB just might run up to $120 ahead of earnings. Judging from the articles written about FB's future and the number of Buy recommendations with higher target prices, I'm expecting FB to post another blow out quarter.
If we're at or near $120 when earnings come out, I think we cross $125 and settle in there for a while.
But compared to Amazon, FB is cheap.
I'm green at $6 and small change. However did make some nice $$ a few years bak when I bought around $5 and sold when it hit $10. I think we'll see $10 again.
KKR bought with the anticipation of making a profit. Assuming they bought equal amounts at each price, their average pps is $1.28. KR typically looks for a four or five-bagger at minimum. Thus, I'm assuming by the time they cash in, they'll see $5 or $6 per share.
After years and years of waiting, and though I'd like more, I'll settle for that.
Those, Israel is the latest, accusing FB of facilitating the terrorists are ill-informed. Terrorists need to and will communicate with one another. Long before FB existed, no FB didn't stop them from proceeding on 9/11 or any other attempts.
fact is, if FB folded its tent tonight, the terrorists would just find another way to communicate, recruit and ply their evil ways.
The dips (?) are carefully orchestrated to benefit the hedgies, MMs and fat cats. When Nervous Nellies were selling, what folks do you think were buying those artificially cheapened shares?
They'll probably do the same thing next month prior to earnings being announced. Someone, supposedly with solid info, will get a few of those paid hacks from Motley Fool or Seeking Alpha to write an article, and they'll knock the pps down a few points.
Gotta wonder where the SEC is during all these overtly-plain-to-see shenanigans?
Folks blindly selling FB and other quality stocks because, what, Britain leaves the Euro Union! So what!
Worst that can happen is things go back the way they were twenty years ago and all countries operate independently again. No biggie one way or the other, but it does give those the-sky-is-falling scribes something to write about.