Plunge in Facebook Shares Has California Seeing Red. Jerry Brown’s financial crystal ball works like this. If it’s going to cost, like the bullet train to nowhere, lower the costs to some ridiculously low level to get approval. If it’s revenue, raise the take to a ridiculous amount, then lie to everyone that the budget woes are over. It will be a cold day in Hell before I vote for any tax increase in California.
This post was last modified on January 26, 2021
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I'm glad I don't rely on the State of California for investment advice. Too bad California taxpayers don't have a choice in the matter. Oh, wait...they do; we'll see how they react in November.
It's Kali, the dead and illegals will STILL vote democrat.
Well it seems obvious that the governor will have to force Zuckerberg and whoever else has a few billion dollars of there obscene profits from faceboot to pay the state a bigger fair share, for the good of the kaliphorniacs. When those guys are out of billions the government can take over total control of the evil profit making machine and kill it, too.
ack-ack-ack, ack-ack-ack!!
"Based on Facebook’s latest share price, the state is on track to get just $707 million, 47% less than what it projected."
Well! Facebook is obviously just selfish, mean-spirited, and racist! Tax 'em to hell anyway!!!!
No, it's the rest of the investor class who declined to bid Farcebook stock up to $5000 a share that are the selfish, mean spirited, racist bastards. I mean, investors expecting a company to have revenues and profits (instead of late-ninties era "number of clicks per unicorn fart" projections) and estimating stock values based on that "tired old way of doing things" type of shit... you can't get much more greedy and self-centered than that.