Facebook shares crash below IPO

The WSJ has given us a nice little widget that allows you to track Mark Zuckerberg's worth in real-time, showing that no matter how bad that stock goes he's still worth billions.

After going public on Friday at $38 a share and peaking at $42, Facebook stock fell below its offering price on Monday and is now trading at $34 a share.

This drop in value is affecting Facebook founder Mark Zuckerberg’s wallet. Zuckerberg’s 503.6 million Facebook shares were worth $21.2 billion at the opening of Monday’s markets. The shares are now worth around $17 billion. The Wall Street Journal is tracking Zuckerberg’s wealth in real time on its website with the “Mark Zuckerberg Wealth-O-Meter”.

Glenn seemed to predict this downturn on Friday, when warned that the record setting $110 billion valuation of Facebook was an unsustainable scam.

“Chase did the valuation for Facebook and shocked everybody by saying it's worth $110 billion. There's no way that thing is worth $110 billion,” Glenn said.

“To put that in perspective, that's more than GM. That's more than Ford. That's more than ABC Disney. A lot more,” Glenn continued. “ABC Disney's worth, what, $60 billion? In the end if that thing goes broke and you're an owner, at least you walk away with a really sweet roller coaster. Facebook, what do you have?”

Glenn sees something wrong with the way Facebook’s IPO unfolded, noting the relationship between Facebook, JP Morgan Chase, and the White House.

“I'm not saying you can tie the White House to this but it's all the usual suspects that are involved in this. Obama has a love affair with Zuckerberg and Facebook. Facebook is in bed with the left,” Glenn said. “Obama is also deeply in bed with J.P. Morgan Chase, says Jamie Dimon, one of the greatest CEOs. And J.P. Morgan Chase, even with the scandal that's going on with J.P. Morgan Chase, he's saying they're one of the best.”

“Something's wrong here. Something's wrong. But I'll tell ya, it's the same kind of crap, and we never learn our lesson. Facebook, bigger than ABC Disney? It's bull-crap, and Americans know it, no matter who tries to manipulate us.”

Glenn Beck has been warning since last summer that you would not recognize your country in a year. Well, it's not even summer yet, and he says he already doesn't recognize the country.

Do you recognize an America in which people are making more money off government unemployment benefits than they can make by working, inflation is ramping up, housing, supply and labor shortages are widespread, and the current administration gives cybercriminals from Russia a free pass after the biggest cyberattack on our nation's infrastructure to date?

On the radio program this week, Glenn pointed out that while businesses all over the nation are downsizing, one brand store is actually booming — and it says a lot about the state of the economy and what it means for our country's future.

Watch the video clip below to hear more from Glenn:

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The largest American gas pipeline shut down on Friday due to what experts told the media was the "most dramatic cyberattack on U.S. soil to date." Investigators are looking at a group believed to be based in Russia known as "DarkSide."

It's time our leaders in the White House take national security seriously because this isn't the first time enemies of the U.S. — namely Russia and China — have used the cyber world to attack our nation and weaken our infrastructure, Glenn Beck argued on the radio program. Between Russia, China, and Iran — which President Joe Biden is now trying to make another nuclear deal with — it looks like the "Axis powers" of a "digital World War III" are lining up

"The journalists seem to care about the price of gasoline for the first time. Is it because they actually care? Or is it because they're trying not to focus on the fact that this was an attack most likely from Russia? And it isn't the first cyberattack from Russia of the year ... maybe we should be paying attention, to Vladimir Putin," Glenn began.

"And by the way, the pipeline going down, that's not the only [cyberattack] happening now," he added later. "Thirty thousand U.S. victims, small businesses and local governments, were hacked by cyber espionage units backed by the Chinese government in January of this year."

"There is an 'Axis power.' It is Russia and China. And, by the way, who is also aligned with Russia and China? Iran. Wow, this is weird," Glenn surmised. "But don't worry about that. Just leave your dog tags on another table. Let's not talk about China. Let's not talk about who actually crashed the jugular of our oil pipelines. I don't want war. But I got news for you ... this Biden administration is doing the job for our enemies."

Watch the video below to hear more from Glenn:


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Canadian clinical psychologist, author, and cultural firebrand Jordan Peterson is no stranger to cancel culture. Ever since he was thrust into the culture war, he has faced one controversy after another, stirred up by the woke elites who hate him with a passion. But although they have tried to make him pay for speaking out so fearlessly against their message, he refuses to back down and he believes you should, too. He joined "The Glenn Beck Podcast" this week to explain why.

"There is a growth of the reluctant hero in all stories ... so many people think that they don't have what it takes, that they're not the hero," Glenn said to Peterson. "How do you get people to recognize and then have the courage to stand? You've taken a beating ... why is it worth it and how do you get there?"

"I think it's worth it because I believe the alternative is worse ... to stay silent when you have something to say," Peterson replied. "You don't know what it is within you that requires your voice, right, because you feel like 'I have something to say.' Where does that come from exactly, that feeling that you have something to say?

"Maybe you're disgruntled at work and you're choking on your own bile because the situation is not just in your estimation," he continued. "You're dying to say something, but you won't. Well, you'll die if you don't say it. Maybe it's a death by a thousand cuts. I don't like deferred punishment. I'd rather take it now and keep the future clean, which is why I encourage people to have the fights now, not to hide things in the fog for later. They grow and metastasize. It's better to confront what you need to confront when it's small and you have some possibility of victory."

Watch the video clip below to catch more of the conversation, or find the full podcast with Jordan Peterson here:

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Top officials at the Federal Reserve are doing what they can to sugar coat what's ahead for our economy, telling Americans we may hit a "transitory" period of inflation that will settle by 2022. But Bank of America is saying something different. The bank's latest earnings call commentary warned "at the very least" transitory hyperinflation is ahead.

Watch the video clip below to hear Glenn Beck explain what this means for prices and for our economy.

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.