A domain name worth more than Disney?

May 24, 2012

Writer

There were a few things bothering Glenn this morning, one of them was Facebook. Facebook was valued at $60 billion more than the Disney – why? What are they creating that is so valuable? Pointing to the dot com bubble, Glenn explained that you’re not left with any tangible assets. If a company like Disney goes belly up you could sell movies, networks like ESPN, three theme parks, etc. – but with Facebook Glenn noted, “In the end, all I’m really buying is a domain name.”

Glenn, who is obviously not anti-internet or social media, made sure to point out that Facebook has obvious upsides. “900 million people connect through Facebook,” he said. “It is the wave of the future.”

Last Friday, Glenn touched on the IPO and the lunacy of the conversation that was occurring in the media over its price point – all of the “experts” were saying, “is it $100 billion or $116 billion.”

Even the president’s favorite banker Jamie Dimon at J.P. Morgan Chase was involved, as was Morgan Stanley. “The president doesn’t trust anyone on Wall Street, but he trusts these guys,” Glenn said sarcastically. "You know, Jamie Dimon and J.P. Morgan Chase, they have a million dollars of the president's own money, and they are some of the best bankers in the world right there at J.P. Morgan Chase and Jamie Dimon."

While Greece and Europe are in turmoil and the Euro is on the brink, the mainstream media completely shifted focus to …Facebook? Really? There were a very small handful of people that point to the fact that a lot people could lose a lot of money on this.

Surprise, surprise, there were a few facts that most people didn’t hear about last week regarding Facebook. Like the way the IPO was evaluated, or that the guy who did the IPO for Facebook is the same guy who did the IPO for General Motors for the government. General Motors also came out last week and said they were ending all of their advertising with Facebook and the Super Bowl. Glenn said that the reason given by GM was “it’s pricey” and “it doesn’t work.”

“Okay, wait a minute,” Glenn started, “Hand on just a second. 900 million people connect on Facebook. You’re going to get out of the Facebook business, General Motors… Government Motors? And then you’re going to get out of the Super Bowl? So your advertising executives are third graders, you’re broke, or something else is going on.”

At first Glenn thought that General Motors was just broke, but then after taking a step back to look at the big picture, the Facebook issue stood out at him. “Everybody is on the bandwagon except General Motors? Why is that? Why are they getting out of the Facebook business, while everybody on the planet is going this direction?” Glenn asked.

Glenn noted that unless Facebook increases its revenue by 47% for the next three years it will collapse – something that nobody talked about last week. Now it’s being reported that the banks made about $100 million off of this, and now the left is coming out against Facebook and demonizing them.

“I thought these were the greatest people ever? I thought the president loved these guys?” Glenn asked. “I thought the president said how great Facebook was because it was leading ‘change’ – people were connecting with it all over the world and it was the leader in revolution? He held a rally at Facebook and now, all of a sudden, they’re evil? Huh.”

Experts are also coming out now and saying that this could be the Black Swan event if Facebook doesn’t make their 47% increase in profit for the next three years. It could implode and bring down the entire economy.

Glenn pointed out that, like most people, if everything did crash, he’d rather have a roller coaster and the assets of Disney, but the government on the other hand, what would they rather have in their pocket in the event of a market and/or economic collapse?

“If I was the government, wouldn't that be great to have an asset like Facebook?” Glenn asked. Especially if you had the kind of ideas of Cass Sunstein or Mark Lloyd where you needed to control the media? Well, this is the new media. Wouldn't it be great? Think of the money we could save. Think of the money we could save, because remember one of the first things that Barack Obama did is say, "I've got to archive all of the Facebook posts. I've got to archive all of those because it's so important to our culture. What do you think of the money we'll save in the archives, if we just helped them or bailed them out – had access, had control?" What a great asset that would be for the United States of America.”

The Biden admin has let in MORE illegal aliens than the populations of THESE 15 states

GUILLERMO ARIAS / Contributor | Getty Images

There are currently an estimated 16.8 MILLION illegal aliens residing in the United States as of June 2023, according to the Federation for American Immigration Reform (FAIR). This number is already 1.3 million higher than FAIR's January 2022 estimate of 15.5 million and a 2.3 million increase from its end-of-2020 estimate. Even Democrats like New York City's Mayor Adams Mayor Adams are waking up to what Conservatives have been warning for years: we are in a border CRISIS.

However, this isn't the same border crisis that Republicans were warning about back in 2010. In the first two years of the Biden administration alone, the illegal alien population increased by 16 PERCENT nationwide, imposing a whopping net cost of $150.6 BILLION PER YEAR on American taxpayers. That is nearly DOUBLE the total amount that the Biden administration has sent to Ukraine.

This isn't the same border crisis that Republicans were warning about back in 2010.

These large numbers often make it difficult to conceptualize the sheer impact of illegal immigration on the United States. To put it in perspective, we have listed ALL 15 states and the District of Colombia that have smaller populations than the 2.3 MILLION illegal immigrants, who have entered the U.S. under the Biden administration. That is more than the entire populations of Wyoming, Vermont, and South Dakota COMBINED—and the American taxpayers have to pay the price.

Here are all 16 states/districts that have FEWER people than the illegal immigrants who have entered the U.S. under the Biden administration.

1. New Mexico

Population: 2,110,011

2. Idaho

Population: 1,973,752

3. Nebraska

Population: 1,972,292

4. West Virginia

Population: 1,764,786

5. Hawaii

Population: 1,433,238

6. New Hampshire

Population: 1,402,957

7. Maine

Population: 1,393,442

8. Montana

Population: 1,139,507

9. Rhode Island

Population: 1,090,483

10. Delaware

Population: 1,031,985

11. South Dakota

Population: 923,484

12. North Dakota

Population: 780,588

13. Alaska

Population: 732,984

14. Washington DC

Population: 674,815

15. Vermont

Population: 647,156

16. Wyoming

Population: 583,279

POLL: Should the Government control the future of AI?

The Washington Post / Contributor | Getty Images

Earlier this week, tech titans, lawmakers, and union leaders met on Capitol Hill to discuss the future of AI regulation. The three-hour meeting boasted an impressive roster of tech leaders including, Elon Musk, Mark Zuckerberg, Bill Gates, Google CEO Sundar Pichai, OpenAI CEO Sam Altman, and others, along with more than 60 US Senators.

Tech Titans and Senators gathered in the Kennedy Caucus Room.The Washington Post / Contributor | Getty Images

The meeting was closed to the public, so what was exactly discussed is unknown. However, what we do know is that a majority of the CEOs support AI regulation, the most vocal of which is Elon Musk. During the meeting, Musk called AI "a double-edged sword" and strongly pushed for regulation in the interest of public safety.

A majority of the CEOs support AI regulation.

Many other related issues were discussed, including the disruption AI has caused to the job market. As Glenn has discussed on his program, the potential for AI to alter or destroy jobs is very real, and many have already felt the effects. From taxi drivers to Hollywood actors and writers, AI's presence can be felt everywhere and lawmakers are unsure how to respond.

The potential for AI to alter or destroy jobs is very real.

Ultimately, the meeting's conclusion was less than decisive, with several Senators making comments to the tune of "we need more time before we act." The White House is expected to release an executive order regarding AI regulation by the end of the year. But now it's YOUR turn to tell us what YOU think needs to be done!

Should A.I. be regulated?

Can the government be trusted with the power to regulate A.I.?

Can Silicon Valley be trusted to regulate AI?

Should AI development be slowed for safety, despite its potential advantages?

If a job can be done cheaper and better by AI, should it be taken away from a human?

Do you feel that your job is threatened by AI?

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Glenn wrote this essay on September 12, 2001. Are we the same people now?

ED JONES / Contributor | Getty Images

Twenty two years ago today on September 12th, 2001, Glenn wrote an essay called "The Greatest American Generation." These were his visceral thoughts immediately following the 9/11 attacks. This beautiful essay calls upon the American spirit to rise to the occasion to pull us through what was one of the darkest days in our nation's history. He called us to unite around the common vision that unites us as Americans.

Yesterday, Glenn revisited this essay, wondering if we are the same people who could have pulled through that dark hour. Do you still believe the things that he wrote in this essay? Or have we become a people too divided to overcome a tragedy of the magnitude of 9/11? Consider these questions as you read Glenn's essay below, "The Greatest American Generation," published on September 12, 2001.

I've always believed that the greatest American generation is the one that's living, in the here and the now. The question is not if this is the greatest American generation. The question was when were we going to wake up? I remember staying at my grandparents' house in the summer when I was small. Every morning my grandmother would open the attic door and call up, "Kids, time to wake up." For me she'd have to do this a couple of times before I'd lumber out of bed and cross the cold, squeaky wooden floor. But finally, I would. And she'd be there in the kitchen ready with breakfast. My grandfather was already outside in the henhouse because there was work to do. They were hardworking, good and decent people. Seemed to me that they were from not only a different time but a different place. They weren't.

The spirit of our parents and our grandparents isn't from some foreign place. It hasn't died out. It's a flame that flickers in all Americans. It's there and it's ready to blaze to life when we're ready to face the challenges that now lie at our feet. It's what sets us apart. It's what built this country. It's why our borders still teem with the poor and the tired and those yearning to be free, burned with zeal in the hearts of millions of immigrants from every corner of the Earth who came here in search of a better way of life. The flame that Lady Liberty holds is the American spirit which burns deep within all of us, no matter what our race, gender, our religious background. And today the world is watching us. It's really nothing new. It always has.

Since the dawn of man people dreamt of a better life, dreamt of a better way, of freedom. But it was Americans that finally found a way to build it. And out of all that we've built, the powerful machines, the computers, the weapons of mass destruction, hardware and software that we spent millions on every year to protect and keep the plan secret, our biggest seeming secret, the one the world wants most of all, isn't a secret at all. It's something we freely give to the rest of the world. And while it seems self‑evident to us, for some reason it can't be duplicated. Yet it can be passed on from person to person, torch to torch. It's the American spirit.

If you weren't trapped in one of those towers or on a plane or in the Pentagon, then you have great reason to humbly give thanks today, not for our lives but because we're the lucky ones. God hasn't forsaken us. He's awakened us. Standing at the bottom of the stairs, he's gently called out, "Kids, it's time to wake up! We've been given another chance."

Thousands of years ago in Babel, the great civilization in their arrogance built a tower that reached the sky. It crumbled and they were scattered. Our heart and steely symbols of power and wealth may have crumbled, but we have not been scattered. Americans aren't ever going to scatter. Let the world recognize through our actions today that those firefighters in New York are not the exception. They are the rule. Americans don't run from burning buildings. We run into them. It was a beautiful fall morning on the edge of the land created through divine providence. Coffee shops were open. Children were on their buses and people easing into another typical workday when America's greatest generation heard the voice: "Kids, it's time to wake up."

Several times we've ignored the voice. We've drifted back into twilight sleep muttering, "I know, I know, in a minute." But finally we are awake and out of bed, for there is much work to do. The task before us is much more daunting than what our grandparents and parents faced, but we are stronger, a more prepared nation. The torch has been passed. We are the greatest American generation. The American spirit is alive and well. Our flame has not burned out. It had just been dimmed while we were asleep."

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