Breaking: Social Media Stocks Tumble Under Threat of FEC Violations – Is This Trump’s Strategy to Reign in Bias?

Elder Patriot – President Trump has been under constant fire since the beginning of his presidency simply for enforcing already existing laws.  That may be the strategy his administration is employing as we keep a close eye on how he plans to combat the banning of conservative voices on Facebook and Twitter.

Both social media titans contend that they aren’t blocking conservatives but the statistics tell a different story.

Rather than get bogged down in trying to get congress to come up with a legislative fix for these new information platforms whose broad powers to influence elections had not been contemplated by the Framers.  It appears that Trump’s strategy is to let the free market and the laws that were written before he got to Washington dictate the fix to their flagrant censorship.

They may be private companies but they are publicly traded and that means they have an obligation to their shareholders to maximize profits while operating within the law.  That means stock prices have a tremendous effect on the governing decisions made by their boards of directors.

Florida Congressman Matt Gaetz may have tipped Trump’s strategy when he revealed that he had filed a Federal Elections Commission complaint against Twitter for shadowbanning his account as well as those of outspoken conservative Congressmen Jim Jordan (R-OH), Mark Meadows (R-NC), and Devin Nunes (R-CA).

All four are members of the Freedom Caucus and vocal critics of special counsel Robert Mueller and his patron saint, Deputy Attorney General Rod Rosenstein.

The result of Gaetz’s filing saw Twitter’s stock price to tank, dramatically.

In a span of two days, Twitter lost 23% off its market cap.  Twitter’s investors lost $7.6 billion in the blink of an eye.  With legal challenges expected to follow from users that will do further damage to the stock’s valuation, it should spur changes to the shadowbanning policies from the boardroom

In a matter of moments Facebook shareholders suffered through an alarming $160,000,000,000 in losses.  And, the stock has continued inching downwards since. To put the enormity of this loss in perspective, it’s more than the entire market cap of McDonald’s.

Shareholders will not stand for this.  The market recognized this on Thursday as institutional investors began re-evaluating both stock’s value.

Rep. Gaetz appeared with Tucker Carlson to discuss the FEC complaint:

“I am certain there were only 4 members of Congress who had their voices suppressed on Twitter.  Matt Gaetz, Jim Jordan, Mark Meadows, and Devin Nunes. That would be one hell of a coincidence.”

Gaetz contends that Twitter’s practice of shadowbanning is a kin to an in kind political donation to his opponents.

“They [the FEC] can absolutely institute fines against any company that makes a corporate donation.  Here the donation is allowing Democrats and people running against me to have access to element of the search feature I didn’t have access to. Why? Twitter said it was my behavior that resulted in this. I don’t know what behavior that is. Do we trust tech companies to just decide with no transparency to limit access?”

Gaetz also warned that in order to enjoy federal protection against certain lawsuits, Twitter and other social media platforms were obligated to present themselves as neutral platforms.

Texas Senator Ted Cruz had previously put Facebook CEO on notice about the importance of maintaining a neutral platform in order to be protected under Section 230 of the Communications Decency Act.  There’s no doubt that the CEO of every social media platform has been lectured by their legal teams not to violate this provision.

We had originally cited Facebook’s violation of FEC guidelines after it came to light that Facebook had provided valuable material support to Obama’s 2012 reelection effort.

In fact, Sam Biddle, writing for the Intercept found that Facebook had deleted its “Success Stories” Page where they bragged about their ability to dominate electoral outcomes on what had been their “Government and Politics” section.

Despite the growing mountain of evidence and warnings  from Congress, the social media giants didn’t listen.

In fact, investigative journalist James O’Keefe caught Twitter engineers bragging about having engineered the ability to selectively shadowban into their software to aid the company’s censorship efforts.

In fact, Sam Biddle, writing for the Intercept found that Facebook had deleted its “Success Stories” Page where they bragged about their ability to dominate electoral outcomes on what had been their “Government and Politics” section.

Despite the growing mountain of evidence and warnings  from Congress, the social media giants didn’t listen.

In fact, investigative journalist James O’Keefe caught Twitter engineers bragging about having engineered the ability to selectively shadowban into their software to aid the company’s censorship efforts.

An investigation from left leaning Vice Magazine determined that only conservative users were being subjected to the Twitter search limiting that impacted Gaetz and thousands of others with similar, constitutionally directed views.

With all of the evidence that’s already in the public domain, it doesn’t take a legal scholar to understand the financial liabilities facing both Facebook and Twitter.  And, that is where the free market instincts of Donald Trump would now appear to be focused.

President Trump has become a master of enforcing existing laws – laws that pre-date his becoming president – to meet his MAGA objectives and that drives his liberal opponents to distraction.

As Harry Trump said, “I never did give them hell. I just told the truth, and they thought it was hell.”