~ Where the Sun Will Never Set on Our liberty ~
The White House
"Today, I am signing an Executive Order to protect and uphold the free speech and rights of the American people."
Sara A. Carter
WOW! The #ExecutiveOrder calls for social media companies engaged in censoring can no longer keep their liability shield.
@Twitter and Facebook, how's that for an EO
AG BARR: “These companies grew because they held themselves out as public forums... now that they’ve become these very powerful networks of eyeballs.. they’ve now switched and they are using that market power to force particular viewpoints.”
1. Exec. Order on Twitter - consequences:
Twitter Inc. will not have section 230 immunity, anymore.
Twitter Inc. will be submerged by tens of thousands of lawsuits, for Billions of dollars.
This would bring Twitter to bankruptcy, very quickly.
12:22 PM · May 28, 2020·Twitter Web App
2. how will that happen?
Congressman Devin Nunes has sued Twitter Inc. for $600 Million.
Think 22,000 lawsuits like that.
3. Now think 2,000 lawsuits for $100 Million each.
and 2,000 lawsuits for $10 Million each.
4. That makes a total of $400 Billion, that Twitter Inc. will have to pay.
Plus all the legal fees.
Twitter Inc. has a market cap of $26 Billion (as of May 2020)
and revenues of $3.5 Billion/year.
5. since Twitter Inc. has revenues of $3.5 Billion,
how are they going to pay $400 Billion?
They haven't that kind of money.
Thus, they will go bankrupt.
6. and TWTR stock value will drop like a rock to almost ZERO - way before those Lawsuits will even be filed.
Bye Bye, Twitter Inc!
you thought you were God.
soon you will all be homeless in San Francisco