The Price of P.C. Authoritarianism? $70 Billion+ Lost By YouTube

This is nice little note from “Timcast” per “Alphabet” / Google. Seems their “block conservative voices” efforts just wiped out $70 Billion of their market capitalization:

Couldn’t happen to a more appropriate group of folks…

Here’s a text write-up:

https://markets.businessinsider.com/news/stocks/google-stock-alphabet-set-to-lose-70-billion-on-q1-ad-sales-traffic-2019-4-1028152666

Google has lost $70 billion off its market cap after a ‘nasty combination’ of slowing ad traffic and a drop in sales per click (GOOG)

Yeah, “slowing traffic”… how about “kicked off many of THE highest ranked sites because they are not left wing talking points shows and thus pissed off their followers too who all ran off to other competitive sites”? ( I now watch Infowars from another source).

“Drop in sales per click” … how about “no way in hell I’m going to buy anything from your site you P.C. asshole morons who hate me.”

Karma is a bitch and what goes around, comes around. Welcome to the toilet of your own making.

UPDATE:

Just ran into this new video (all of minutes old) where Mastercard is going to vote to install a Money Censorship Board to assure no money gets sent to “Far Right” people.

It looks like the goal is to entirely drive any and all non-PC voices from the public square and prevent any discourse or financial transactions. Welcome To Big Brother and RightThink write Politically Correct Or Die.

IMHO, ANY company indulging in such activities is giving “Contributions In Kind” to Democrats and Left Wing candidates and needs to assure their support of those folks (and countries) is documented and all relevant fees and taxes paid.

Note: I believe this includes the need to register as Agent For Foreign Nations

If you are “fighting anti-islam” then you are also acting as the agent for Islamic Nations. Register or go to prison, I say. Good for the Russian Lawyer, good for the Mastercard Board.

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About E.M.Smith

A technical managerial sort interested in things from Stonehenge to computer science. My present "hot buttons' are the mythology of Climate Change and ancient metrology; but things change...
This entry was posted in Economics - Trading - and Money, Political Current Events and tagged , , , . Bookmark the permalink.

10 Responses to The Price of P.C. Authoritarianism? $70 Billion+ Lost By YouTube

  1. Larry Ledwick says:

    Like Target, Dick’s Sporting goods and Levi’s it will take a quarter or two before the accountants start asking some embarrassing questions, and by that time, shoppers / users will have settled on alternatives. Their products are easily replaced by other vendors, so they will permanently lose market share from people who find their actions abrasive.

  2. philjourdan says:

    Well,I do not need a MC. I have the rest.

  3. H.R. says:

    I have a Sears issued Mastercard which I don’t use. I use my old Sears credit card number instead when I buy tools or appliances (Kenmore hasn’t been totally ruined… yet.. I think). At checkout, I give them my address and phone and show my DL and it calls up the account number I was issued many years ago. Doing that gets reward points that I can use on more toys (tools!).

    I don’t know if using the Sears Mastercard still gets you the same reward points that I get with my old account since I’ve never used it to find out. They send ’em to me and I don’t even peel off the ‘Activate Now’ sticker. I just throw it in the safe until they send a new one.

    I don’t know why, but I’ve always felt uneasy about Mastercard for some undefined reason, so I never had any other Mastercard besides the one Sears pushes on me. I do have a Visa card. Let’s just hope they don’t go PC, too.

    Ha! I just realized that Mastercard has to maintain an account for me, with the attendant mailings and new cards, and I never use it. So I think I’ll just continue my tiny economic drag on them instead of getting huffy and cancelling the card.

  4. cdquarles says:

    Hmm, I suspect VISA is worse; because they don’t “Let it All Hang Out”, so to speak. I do have a VISA debit issued by my bank; but I don’t have any direct deposit go to it. I also have an American Express debit that does have direct deposit. So “They” know I get money and from where I get it, that it is tax exempt (retirement and rather small) and that I either put money on the bank VISA or pull money off it. I do pay AT&T with it; but I don’t call many people. “Odd” phone numbers are ignored.

  5. R. de Haan says:

    The “coup” against Trump is still going. He really needs to clean up the swamp and jail all the rats because they won’t give up. Enablers like Google with close Obama ties don’t mind loosing billions as their sick ideological objectives are opposed to those of Trump.

  6. H.R. says:

    @cdquarles – So far, I’m not hearing any rumblings that Visa will jump into the PC nonsense and mess with people based on their political views. So far, that is.

    As far as bank cards go, it’s my opinion that they all play the same “gotcha” games to maximize the money they can make off merchants and cardholders. As I wrote above, I had some vague feeling that MC was worse than Visa, but the opposite could be true. Visa may just be better at hiding it.

    Anyhow, so long as the card company sticks to making money the old-fashioned way, by screwing the users and merchants any legal way they can, I’m OK with that. It’s up to me to keep on top of their shenanigans. It’s when they interfere with me financially based on attitudes, thoughts, and words that I draw the line. Who in their right mind would pay money to someone to financially screw with them?

    If it takes going back to cash, checks, and barter, then that’s what I’ll do.

  7. Another Ian says:
  8. stan says:

    :)

    “IMHO, ANY company indulging in such activities is giving “Contributions In Kind” to Democrats and Left Wing candidates and needs to assure their support of those folks (and countries) is documented and all relevant fees and taxes paid.

    Note: I believe this includes the need to register as Agent For Foreign Nations”

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