Even though she is a proud shareholder of $1 million in Facebook stock – buying into FB in 2012 and increasing her investment last year – House Speaker Nancy Pelosi (D-Calif.) is now calling the social media giant a “willing enabler of Russia interference” in the 2016 presidential election.
Her intensified objection to the company comes on the coattails of a video the social media platform allowed to remain posted – one that portrayed the fiery ultra-left Democrat in a negative light.
“Pelosi's sharp criticism of the social media giant was a direct response to its decision to flag an altered video of her as false rather than remove it altogether,” the Washington Free Beacon reported. “She …[said] the decision calls into question whether they ‘wittingly’ conspired with Russians to interfere in the 2016 election.”
Must protect the Dems
Now, because Facebook is allowing something that directly affects her reputation, Pelosi is pushing against Facebook full throttle.
"We have said all along, poor Facebook, they were unwittingly exploited by the Russians," Pelosi said, according to the Beacon. "I think wittingly, because right now they are putting up something that they know is false."
Despite her considerable investment in the company, which has consistently been exposed for censoring conservative speech and promoting progressive agendas, Pelosi is no longer supporting Facebook – at least morally.
"I think they have proven – b =y not taking down something they know is false – that they were willing enablers of the Russian interference in our election," Pelosi added.
No different than the seemingly incessant manipulated clips mocking President Donald Trump as seen aired nightly on left-leaning night talk shows, the clip of Pelosi portrays her in what appears to be an intoxicated state.
“Facebook has allowed doctored videos of Pelosi – slowed down to make her appear drunk – to stay on the social media site even though they are clearly manipulated,” KQED reported. “The videos have been spread by right-wing websites in an attempt to discredit the speaker as she publicly feuds with President Trump.”
Money over morals?
Records of the Democratic leader’s financial backing of Facebook indicate that she has had no problem over the years gleaning a profit from its success in the midst of multiple controversies exposing the social media giant’s bias in censoring conservative content in favor of presenting users with left-leaning content.
“Pelosi has been an investor in Facebook since shortly after its initial public offering on May 23, 2012, when her husband purchased between $100,001 and $250,000 worth of stock, according to financial disclosures,” the Washington Free Beacon’s Brent Scher informed. “It has been a good investment for Pelosi. The closing share price of Facebook stock on the date of the initial purchase was $32 – a fraction of the $183.50 opening share price Wednesday when Pelosi attacked it as a ‘willing enabler’ of Russia.”
So far, it appears that Pelosi’s profits trump her “moral” stand against the company.
“In her most recent annual disclosure, covering 2017, the investment in Facebook was valued between $500,001 and $1,000,000,” Scher recounted. “Though Pelosi is yet to file her disclosure for 2018, required periodic transaction reports show her husband significantly increased his Facebook investment last year.”
It remains to be seen if Pelosi will continue to profit off a company she supposedly morally objects to, as her office failed to respond to the Washington daily’s inquiry as to whether her husband will divest their Facebook stock over the issue.
“[S]he hasn’t given any indication she intends to unload the $1 million in the social-media company’s stock she and her husband own,” WND reported.
Pelosi’s financial maneuverings within the past year indicate that she anticipates the company’s success in the near future.
“Reports show two purchases of long-term call options on Facebook stock – the first one valued between $50,001 and $100,000 on July 27, 2018, and then a larger $100,001 to $250,000 purchase on October 9, 2018,” Scher noted.
Both options expire on January 17, 2020, according to the disclosures.”
Besides her stock investment, Pelosi has forked tens of thousands of dollars over to Facebook to promote herself and the Democratic Party’s progressive platform.
“Advertising information now available on Facebook shows that Pelosi has also been an active user of the social media platform, spending nearly $100,000 to run Facebook ads through her campaign and official office,” Scher added.
A political ploy?
NetChoice Vice President Carl Szabo – whose company is part of an association of Internet companies that includes Facebook – condemned Pelosi’s recent rant against the social media giant, calling her accusation “false and over-the-top.”
"Speaker Pelosi's accusation that Facebook is a ‘willing enabler' of Russian interference in our elections is completely false and appears to be an attempt to use an important national discussion for her own political gamesmanship," Szabo commented, according to the Beacon. “[It appears that Pelosi’s true motive is] to frighten platforms into removing any content she feels is unflattering."
There are no indications that Facebook intends on caving in to Democratic leaders’ demands to remove the disputed content,
“Facebook has thus far stood firm on its decision not to remove the video of Pelosi, despite objections from both the Democratic leader and two-time failed presidential candidate Hillary Clinton.,” Scher pointed out.