LIFE LESSON BY THE WAY THEY
SPLIT?
THAT IS COMING UP.
>>> AMERICANS SAY SOCIAL MEDIA
IS DIVISIVE, STRAIGHT UP WASTES
OUR TIME.
MOST OF US USE IT EVERY DAY.
WE ARE NOT WILLING TO PUT DOWN
THE DEVICE TO DISEXPECT.
TO DISCUSS THE SOCIAL MEDIA
PARADOX IS MARK LEHMAN.
MARK, PEOPLE WILL TREAT TODAY
HOW MUCH THEY HATE TWEETING OR
FOLKS ON TWITTER.
WHAT IT IS ABOUT SOCIAL MEDIA
LOVE/HATE RELATIONSHIP?
>> WELL, IT HAS TAKEN OVER OUR
DAILY LIVES.
I THINK PEOPLE LOOK AT THAT AS A
THREAT BUT AT THE SAME TIME THEY
CAN'T GET ENOUGH OF IT.
I THINK WE'VE BEEN TALKING ABOUT
THIS IMMINENT THREAT FOR A LONG
TIME TO BOTH ADULTS AND
CHILDREN.
I THINK WE'RE GETTING MORE TO,
WHAT ARE WE GOING TO DO ABOUT
IT?
IT IS HERE TO STAY.
IT ISN'T GOING AWAY.
THE USAGE IS GOING UP.
AND IT IS GOING UP EVERY DAY.
CHARLES: IT IS GOING UP EVERY
DAY.
THERE ARE SOME SCANDALS.
ABUSE OF INFORMATION WE SHARE
WITH THE COMPANIES.
ABUSE OF THE INFORMATION WE PUT
ON ABOUT OUR PERSONAL LIVES.
ABUSE WE TAKE FROM OTHER FOLKS
ON THESE SAME PLATFORMS.
OBVIOUSLY THERE WILL BE SOME
GOVERNMENT INTERVENTION BUT I
GOT TO TELL YOU SOMETHING,
PEOPLE ARE WANTING EVEN MORE
THAN THAT THEY THINK THAT, TO
YOUR POINT, THIS IS AN
AVALANCHE, IF WE JUST STAND
THERE IT WILL END FAIRLY
MISERABLY FOR ALL OF US?
>> WELL I THINK LIKE ANYTHING
ELSE, YOU WILL HAVE GREAT CALLS,
GREAT ALARM BELLS RINGING
BECAUSE THERE ARE TERRIBLE
BY-PRODUCTS OF THIS AS WE ALL
KNOW.
ON OTHER HAND THIS IS HOW WE
LIVE OUR LIVES.
THE WAY WE LIVE OUR LIVES WILL
ONLY GET MORE MOBILE.
WE'LL USE MORE OF SOCIAL MEDIA.
THE PROOF IN THE PUDDING.
FACEBOOK REPORTING FIRST
QUARTER.
ADVERTISING GROWTH NORTH OF 25%.
WE HAVE HALF A BILLION DAILY
AVERAGE USERS ON INSTAGRAM AND
FACEBOOK.
THOSE ARE DAUNTING NUMBERS.
THEY WILL NOT GO AWAY BY
LEGISLATIVE MEANS.
THEY WILL GO AWAY BY INDIVIDUAL
CHOICES.
I DON'T SEE GOVERNMENTS
LEGISLATING WHAT THAT WILL LOOK
LIKE.
ZUCKERBERG SAID THAT THIS WEEK.
CHARLES: SPEAKING OF ZUCKERBERG
AND FACEBOOK, IT GOT TWO UP
GRADE THIS LAST WEEK AFTER TONS
OF DOWNGRADES THROUGH LAST JULY.
DOES WALL STREET LOOK AT THIS
MORE REALISTICALLY IN TERMS OF
MAIN STREET, HEY, IT WILL BE
HERE, DEAL WITH IT, MAKE MONEY
ON IT BECAUSE IT IS NOT GOING
AWAY?
>> I THINK THEY DO.
THIS IS BACK AWAY FROM THE
CAMBRIDGE LAN LIT CAN STORY
LAST -- ANALYST CAN STORY, DAILY
AVERAGE USERS, MONTHLY AVERAGE
USERS, WHAT PROFITS THEY WILL
HAVE AFTER THEY REPORT.
MORE OF THAT AND LESS AND LESS
MY GOODNESS THE GOVERNMENT WILL
REGULATE WHAT IS GOING ON HERE.
MORE PORTFOLIO MANAGERS ARE
WAKING UP TO THAT FACT.
AT THE END OF 2018, PORTFOLIO
MANAGERS PERCENTAGE OF THEIR
HOLDINGS FACEBOOK WAS GOING
DOWN.
I THINK SOME PEOPLE HAVE TO GET
BACK INTO THE STOCK.
THAT IS NOT WIDELY REPORTED.
THE STOCK IS UP A LOT THIS YEAR.
FRANKLY, SHOCKINGLY ONE OF THE
MORE UNDEROWNED STOCKS FOR SOME
