FK
19.2K posts
*TRUMP: HAVE HAD TALKS WITH IRAN REGARDING END TO HOSTILIES
Jeez, bears scrambling, are they cornered??
President Trump over the last 36 hours: Friday, 3:40 PM ET: "I don't want to do a ceasefire with Iran." Friday, 5:15 PM ET: The US is "considering winding down" the war with Iran. Today, 2:00 PM ET: Axios reports Trump is planning "peace talks." Now: "If Iran doesn’t open the Strait of Hormuz within 48 hours the US will obliterate Iran's power plants." What's happening behind the scenes?
Latest podcast from @Gregory_C_Allen has an insane section on criminal activity at Meta. Internal docs leaked to Reuters show: • 10% of all Meta revenue comes from ads for scams & banned goods ($16B/year) • Meta estimates it's involved in 1/3 of all successful scams in the US • That suggests they drive $50B in scam losses for US consumers alone each year • Meta earns ~$3B annually from scam/banned goods ads run by Chinese operations alone The China case study: • In 2024, Meta made $18B+ from Chinese companies advertising to foreign consumers • Internal teams found ~19% was scams/banned content • An anti-fraud team successfully cut these ads in half • When Zuckerberg saw the revenue impact, he told them to "pause" and the team was disbanded • By mid-2025, banned ads climbed back to 16% of China revenue • This results in money being stolen and going directly from ordinary Americans to Chinese criminals The deliberate enabling: • Fraud earns 10% of all revenue, but anti-fraud teams were blocked from any action costing >0.15%, so they couldn't effectively do anything • Meta charged higher rates for suspected fraudulent ads — a "scam tax" • Their algorithm naturally identifies people vulnerable to frauds and feeds them more and more The cold calculation: • Meta anticipated up to $1B in regulatory fines for this • But they make $3.5B every 6 months from high-risk ads • They view these fines as just "cost of doing business" Senators Blumenthal & Hawley now calling for FTC/SEC investigations in a blistering letter, noting that all this happened while Meta cut safety staff and moved billions over to VR and AI. WTF.
President Trump: “You have to remember, we have 45,000 troops in Japan, 45,000 in South Korea, and 50,000 in Germany.” We defend all these countries, and then I ask them: “Do you have any minesweepers?” They say, “Well, would it be possible for us not to get involved?”
JUST IN 🚨: U.S. Treasury projected to buy back $15 Billion of their own debt today, the LARGEST Treasury buyback in history 🤯👀
The people have spoken. The Vibestarter incentivised testnet will be invite only ✅ Eligible users will be given 1 invite after onboarding, but can unlock additional invites by completing testnet tasks & leveling up their starter card. More details on who will be eligible soon. $BASE
