A domain name worth more than Disney?

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.”

Straight from the Marxist con of critical race theory are three big lies about "systemic racism" in America that are debilitating to our nation: the lie that policing in the U.S. is thoroughly racist, the lie of voter suppression, and the lie of equity as the solution to solve "racism." Despite the evidence disproving these lies, they grow stronger, thanks to Democrats and activists with selfish interest in these narratives, who, along with their media partners, spread the sinister message that everything in America is racist by default and only massive government intervention can save us from ourselves. President Biden, Vice President Harris, Chuck Schumer, Nancy Pelosi – every Democrat on the national stage sees racism in literally everything at this point.

In this precarious time for America, Glenn Beck and North Carolina Lt. Gov. Mark Robinson join together with data and the truth to fight back against the race-baiters ripping us apart.

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America has always been the land of the free. But as the line fades between the socialist, woke Left, and the Democratic Party that controls our government, are we diving headfirst into Marxism?

On his BlazeTV exclusive show, Glenn Beck spoke with Li Schoolland, who grew up under Mao's cultural revolution in China, and never did she think she would see the same warning signs in America. But now, she has a horrifying warning for us all.

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Earlier this year, Coca-Cola became the poster child for how a corporation could shove leftist ideologies onto its consumers. The company suspended advertising on Facebook in a push to censor former President Donald Trump, published a manifesto about racial equity, and demanded all legal teams working for Coke meet certain diversity quotas.

But now, after Trump, Sen. Ted Cruz (R-Tx.), Sen. Rand Paul (R-Ky.), and many other conservative voices called for a boycott of the company's products, Coca-Cola appears to be shifting directions.

The Washington Examiner reported that the company issued a conciliatory statement after conspicuously failing to appear on a published list of hundreds of corporations and individuals that signed a statement denouncing the Georgia voting bill.

"We believe the best way to make progress now is for everyone to come together and listen respectfully, share concerns, and collaborate on a path forward. We remained open and productive conversations with advocacy groups and lawmakers who may have differing views," the company said. "It's time to find common ground. In the end, we all want the same thing – free and fair elections, the cornerstone of our democracy."

Then last week, Coca-Cola Co.'s new general counsel, Monica Howard Douglas, told members of the company's global legal team that the diversity initiative announced by her predecessor, Bradley Gayton, is "taking a pause for now." Gayton resigned unexpectedly from the position on April 21, after only eight months on the job, to serve as a strategic consultant to Chairman and CEO James Quincey.

"Why is Coca-Cola 'taking a pause' on all of these? Because you have been standing up," Glenn Beck said on the radio program Monday. "You and others have been standing up. Your voice, it's the power of one. Your voice makes a difference."

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This week on "The Glenn Beck Podcast," civil rights activist and Woodson Center founder Bob Woodson joined Glenn to call out the leftists in the "race grievance industry," like the Rev. Al Sharpton and Black Lives Matter, Inc., who, he says, are "profiting off the misery of their people."

Woodson lived through the appalling segregation laws of the last century and has a much different message about what it means to be "oppressed" than the so-called "anti-racist" activists today.

Woodson said he believes the real struggle for impoverished minority communities "is not racial." He argued that leftists "at the top" derive "moral authority" by claiming to represent "so called marginalized groups," while they prosper at the expense of those "at the bottom."

"There's nothing worse than self-flagellating guilty white people and rich, angry black people who profit off the misery of their people," Woodson said.

"I call what Sharpton and some of those are doing is worse than bigotry. It's treason. It's moral treason against their own people," he added. "The only time you hear from them is when a white police officer kills a black person, which happens maybe 20 or 21 times a year, but 6,000 blacks are killed each year by other blacks. So, in other words, their message is black lives only matter when taken by someone white, which means you are betraying the black community when you turn your back on 20 children that are slaughtered and you don't march in that community and demand that those killers be turned over to the police."

'The problem is not racial," Woodson asserted. "The problem is the challenge of upward mobility. Any time you generalize about a group of people, blacks, whites, Native American, and then you try to apply remedies, it always benefits those at the top at the expense of those at the bottom. ... It's a bait and switch game where you're using the demographics of the worst of these, to get resources that helps the best of these, or those who are prospering at the top. So, if I was the president, I would say an end to the race grievance business, that America should concentrate on the moral and spiritual free fall that is consuming people at the bottom."

Watch the video clip below to catch more of the conversation, or enjoy the full podcast here or wherever you listen to podcasts:

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